Problem
A. The accountant at Peter Baker's thinks that 0.3% of its receivable will be uncollectible for the month of June and July. Its accounts receivable balances are $ 200,000 at the end of June and $300,000 at the end of July. What is the bad debt expense for the month of July?
B. The accountant at Peter Baker's thinks that 0.3% of its receivable will be uncollectible for the month of June and July. Its accounts receivable balances are $ 200,000 at the end of June and $300,000 at the end of July. What is the bad debt expense for the month of June?