Determine bad debt expense to be reported for cervantes inc

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The following accounts were taken from Cervantes Inc.'s balance sheet at December 31, 2019.

                                                                 Debit               Credit
Accounts receivable                          4,100,000
Allowance for doubtful accounts         100,000
Net credit sales                                                 7,500,000

Problem 1: If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2019.

Reference no: EM132779318

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