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Determine bad debt expense for the fiscal year

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Question - S Company's unadjusted trial balance at December 31 (the end of the fiscal year) includes the following accounts:

Allowance for Doubtful Accounts: Debit balance $4,000

Accounts Receivable: $1,5000,000

S Company estimates its bad debt expense to be 1.5% of ending receivables. Determine its bad debt expense for the fiscal year ended December 31.

Reference no: EM132521069

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