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What amount should be reported as the Bad debt expense

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Question - On December 31, 2016, Vesta Company's accounts receivable balance was of $1,200,000, and an analysis of their accounts receivable suggests that the Allowance for Doubtful Accounts should be 2% of accounts receivable. The balance in the Allowance for Doubtful Accounts on January 1, 2016 was $23,880 (credit). During the year 2016, Triton wrote off $25,800 of bad debts.

Required - What amount should be reported as the Bad debt expense for the year 2016?

A) $24,800

B) $25,920

C) $24,000

D) $22,080

Reference no: EM132644578

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