Question
Using the aging method of accounts receivable method, $6,500 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year,
Using the aging method of accounts receivable method, $6,500 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $115,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $800. Credit sales during the year totaled $180,000. What is the current years Bad Debt Expense?
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
2nd edition
978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152
