Question
Using the aging method of accounts receivable method, $6,900 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year,
Using the aging method of accounts receivable method, $6,900 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $119,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $880. Credit sales during the year totaled $188,000. What is the current years Bad Debt Expense?
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
