Bad debt expense for 2017 was 375 under the cash basis of


Widlak Co. reported sales revenue of $4,600 on its income statement for the year ended December 31, 2017. The Accounts Receivable account decreased from $1,400 to $1,200 during 2017. The Allowance for Uncollectible Accounts increased by $300 during 2017. Bad Debt Expense for 2017 was $375. Under the cash basis of accounting, Widlak would have reported 2017 sales of:

Select one:

a. $4,800b. $4,725c. $4,325d. $4,425e. $4,025

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Bad debt expense for 2017 was 375 under the cash basis of
Reference No:- TGS02583778

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)