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View Policies Current Attempt in Progress Information related to Kingbird Company for 2020 is summarized below. Total credit sales $2,600,000 Accounts receivable at December
View Policies Current Attempt in Progress Information related to Kingbird Company for 2020 is summarized below. Total credit sales $2,600,000 Accounts receivable at December 31 888,000 Bad debts written off 31,800 (a) What amount of bad debt expense will Kingbird Company report if it uses the direct write-off method of accounting for bad debts? $ (b) Assume that Kingbird Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Kingbird record if it has an Allowance for Doubtful Accounts credit balance of $3,800? $ (c) Assume that Kingbird Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Kingbird record if it has an Allowance for Doubtful Accounts debit balance of $3,800? $ eTextbook and Media
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