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Compute the Bad debt expense and Net realizable value

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Problem - Arabica Co. estimates that 5% of its receivable will become uncollectible. Relevant information follows:

Accounts receivable, Jan 1 40,000

Net credit sales 135,000

Collections from customers (excluding recoveries) 70,000

Allowance for doubtful accounts, Jan 1 5,000

Write-offs 2,500

Recoveries 500

Percentage of receivables 5%

Required - Compute the (a) Bad debt expense and (b) Net realizable value of accounts receivable.

Reference no: EM132994320

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