Solution-Find what the amount of the bad debt expense

Find what the amount of the bad debt expense reported

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Reference no: EM132715738

A trial balance before adjustments included the following:

Debit Credit

Sales $425,000

Sales returns and allowance $14,000

Accounts receivable 43,000

Allowance for doubtful accounts 760

Problem 1: If the estimate of uncollectibles is made by taking 10% of receivables, the amount of the Bad Debt Expense reported on the Income Statement for the year is

Select one:

a. $4300

b. $3540

c. $5060

d. $4110

Reference no: EM132715738

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Find what the amount of the bad debt expense reported

Reference no: EM132715738

Reference no: EM132715738

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