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Determine the amount of bad debt expense

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Question - The trial balance of "SPA" Company at the end of its 2012 fiscal year included the following account balances:

Accounts receivable (Balance = $66,400)

Allowance for doubtful accounts = 1,300 (DEBIT balance)

Required: Based on the above given information, determine the amount of bad debt expense to be recognized by "SPA" Company the year ended 2012, assuming the following INDEPENDENT situations

1. An aging accounts receivable analysis indicates that probable uncollectible accounts receivable at year-end amount to $3,900.

2. Company policy is to maintain a provision for uncollectible accounts receivable equal to 4% of outstanding accounts receivable.

Reference no: EM132587109

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