As of december 31 gammelguard corporation has outstanding

Reference no: EM13566713

As of December 31, Gammelguard Corporation has outstanding accounts receivable of $2.4 million. Sales on credit during the year were $9 million. The allowance for doubtful accounts has a credit balance of $20,000. If the company estimates that 7% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?

Reference no: EM13566713

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