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What amount of bad debt expense would madison report

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The following information pertains to Madison Corp. at the end of the year:

Credit Sales$185,000

? Accounts Payable 24,000

? Accounts Receivable 37,000?

Allowance for Doubtful Accounts 1200?debit????

Problem 1: Madison Corp. uses the percentage-of-sales method and estimates that 9% of the credit sales are uncollectible. After the year-end adjustment, what amount of bad debt expense would Madison report for the year?

Reference no: EM132696925

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