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Use the following information for the next question: Following is selected information for Fred Company, AFTER year-end adjusting entries: 2004 2003 For year ended December
Use the following information for the next question: Following is selected information for Fred Company, AFTER year-end adjusting entries: 2004 2003 For year ended December 31 Sales Bad Debts Expense S5,000,000 S4,500.000 120,000 110,000 As of December 31: Accounts Receivable (gross) Allowance for Bad Debts $350,000 $300,000 10,000 20,000 36. On the basis of the information provided for Fred Company, the Accounts Receivable written off in 2004 were
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