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View Policies Current Attempt in Progress Here is information related to Blue Spruce Company for 2022. Total credit sales $1,442,000 Accounts receivable at December 31
View Policies Current Attempt in Progress Here is information related to Blue Spruce Company for 2022. Total credit sales $1,442,000 Accounts receivable at December 31 879,000 Uncollectibles written off 32,900 (a) What amount of bad debt expense will Blue Spruce Company report if it uses the direct write-off method of accounting for uncollectibles? Bad debt Expense $ (b) Assume that Blue Spruce Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 6% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a credit balance of $2,700? Bad debt Expense $ (c) Assume that Blue Spruce Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 6% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record it Allowance for Doubtful Accounts has a debit balance of $800? Bad debt Expense $ eTextbook and Media Save for Later Attempts: 0 of 1 used Submit
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