Using the aging method of accounts receivable method credit


Question - Using the aging method of accounts receivable method, $6,500 of the company's Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $115,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $800. Credit sales during the year totaled $180,000. What is the current year's Bad Debt Expense?

Solution Preview :

Prepared by a verified Expert
Dissertation: Using the aging method of accounts receivable method credit
Reference No:- TGS02896753

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)