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What amount of bad debt expense will Oriole Company record

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Reference no: EM133064361

Question - Information on Oriole Company for 2021 follows:

Total credit sales $990,000

Accounts receivable at December 31 39,600

Uncollectible accounts written off 13,400

Amount collected on accounts previously written off (after write off but before year end) 3,600

Required - Assume that Oriole Company decides to estimate its uncollectible accounts using the allowance method and an aging schedule. Uncollectible accounts are estimated to be $26,000. What amount of bad debt expense will Oriole Company record if Allowance for Doubtful Accounts had an opening balance of $14,500 on January 1, 2021?

Reference no: EM133064361

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