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What is the amount of bad debt expense of alicia corporation

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Reference no: EM132916863

Alicia Corporation was established on 1/1/20x1. During 20x1, the company experienced the following:

credit sales $100,000

collections on credit sales $60,000

aging analysis of accounts deemed uncollectible at 12/31/20x1 shows $8,000 of potentially uncollectible accounts

Problem 1: What is the balance of Alicia's net accounts receivable on January 1, 20x2?

a. $100,000

b. $32,000

c. $92,000

d. $40,000

Problem 2: Assuming that Alicia uses the aging approach to estimate uncollectible accounts, what is the amount of bad debt expense for 20x1?

a. $8,000

b. $12,000

c. $9,000

d. $7,000

Reference no: EM132916863

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