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 in the following: Accounts receivable debt balance of 97,700; Allowance for doubtful accounts, credit balance of 1,011. what amount should be debited to bad debts expense, assuming 4% of outstanding account receivable at the end of the current year are estimated to be uncollected

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 in the following: Accounts receivable debt balance of 97,700; Allowance for doubtful accounts, credit balance of 1,011. what amount should be debited to bad debts expense, assuming 4% of outstanding account receivable at the end of the current year are estimated to be uncollected

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 94.2C

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