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How much is the doubtful accounts expense for liza inc

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Reference no: EM132837265

In preparing the aging of accounts receivable of Liza Inc., the accountant determined that the net realizable value of receivables is 4,000,000 on December 31, 2021. Additional data are as follows:

Accounts Receivable (December 31, 2021) - 4,500,000
Accounts Receivable - Net (December 31, 2020) - 2,000,000
Accounts Receivable (January 1, 2021) - 2,350,000
Accounts written off during 2020 - 100,000

Problem 1: How much is the doubtful accounts expense for 2021?

Reference no: EM132837265

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