Description
Sunland Company had a 1/1/17 balance in the Allowance for Doubtful Accounts of $31500. During 2017, it wrote off $20900 of accounts and collected $6680 on accounts previously written off. The balance in Accounts Receivable was $640000 at 1/1 and $750000 at 12/31. At 12/31/17, Smithson estimates that 6% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2017?
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Explanation & Answer
And here is this one :)C.$27720.Please find the calculations attached.P.S. For future posts, please note that $1 is not a fair amount for questions of this length. I believe that at ...
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