Solution-Determine bad debt expense to be reported for

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.

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