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Question - Masala, Inc. reports the following aging of accounts receivable table as of March 31, 2017.
0 to 90
91+
Accounts receivable
24,000
3,000
Rate
3%
25%
During the quarter ended March 31, 2017, Masala wrote off accounts totaling $600. The balance of the allowance for doubtful accounts on January 1, 2017 was $1,380.
Required - Calculate the bad debt expense for Masala, Inc. for the quarter ended March 31, 2017.
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