Hahn company employs the percentage of sales techniques for

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Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense?

A. Bad Debts Expense................................$15,000

Allowances for Doubtful Accounts................................$15,000

B. Bad Debts Expense................................$12,000

Allowances for Doubtful Accounts................................$12,000

C. Bad Debts Expense................................$12,000

Accounts Receivable.................................................$12,000

D. Bad Debts Expense................................$15,000

Accounts Receivable.................................................$15,000

Reference no: EM13391919

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