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with solution please Tatu Corp. makes all sales on credit. During May 2016, total credit sales were $2,650,000, collections were $2,400,000 and accounts written off

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Tatu Corp. makes all sales on credit. During May 2016, total credit sales were $2,650,000, collections were $2,400,000 and accounts written off as uncollectible were $25,000. The balance in the allowance for bad debt accounts was $3,000 credit on May 1, 2016 Tatu Corp. has a $40.000 balance in accounts receivable on May 31, 2016. An analysis of individual accounts and prior loss experience reveals the following data for aging accounts receivable: Due within 30 days Amount $20,000 $10,000 $10,000 Percent 1% 10% Past due 30-90 days Past due more than 90 days 30% Calculate the Bad Debt Expense for May 2016 assuming Tatu Corp. uses the aging of accounts method A. $4,200 B. $26,200 C. $23.800 D. $25,000

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