On December 31 of the current year the unadjusted trial balance of a company using the percent of receivables method to estimate

Question

On December 31 of the current year the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following Accounts Receivable debit balance of 98 000 Allowance for Doubtful Accounts credit balance of 1 041 What amount should be debited to Bad Debts Expense assuming 5 of outstanding accounts receivable at the end of the current year are estimated to be uncollectible Multiple Choice 4 900 1 041 3 859 2 967

Kunduz · Accepted Answer

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