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Determine how much bad debt expense tara will report

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Question - At December 31, 2019, Tara Co.'s allowance for doubtful accounts balance was $61,600. During 2020, Tara wrote off $50,400 in receivables. The following information pertains to Tara Co.'s accounts receivable at December 31, 2020:

Days Outstanding

Amount

Est. % Uncollectible

0 - 60

$336,000

1%

61 - 120

252,000

2%

Over 120

336,000

6%

$924,000

Determine how much bad debt expense Tara will report for the year ended December 31, 2020.

a. $28,560

b. $17,360

c. $50,400

d. $33,040

Reference no: EM133145783

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