Aging approach is used to estimate bad debts

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Reference no: EM13916973

Atlantis Tropicals
The following information was taken from the company's records at the end of 2012.

Credit Sales	$1,000,000
Sales returns and allowances	80,000
Accounts Receivable--December 31, 2012	255,000
Allowance for Doubtful Accounts--December 31, 2012
(Before adjustment for bad debts)	23,000
Estimated uncollected accounts
(per aging schedule at December 31, 2012)	35,000

Refer to Atlantis Tropicals. If the aging approach is used to estimate bad debts, how much bad debts expense will the company report for 2012?

Reference no: EM13916973

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