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What amount of bad debt expense will Bramble Company report

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Problem - Information related to Bramble Company for 2020 is summarized below.

Total credit sales $2,572,000

Accounts receivable at December 31 829,000

Bad debts written off 32,300

What amount of bad debt expense will Bramble Company report if it uses the direct write-off method of accounting for bad debts?

Assume that Bramble Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Bramble record if it has an Allowance for Doubtful Accounts credit balance of $3,300?

Assume that Bramble Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Bramble record if it has an Allowance for Doubtful Accounts debit balance of $3,300?

Reference no: EM132737517

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