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What is the bad debt expense for the year

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Question - The accounts receivable clerk has prepared the following aging of Rocky Corp's accounts receivable. The current balance in the allowance for doubtful accounts is $7422 dr.

Date since due $ % Uncollectible

0 to 30 days $455532 1%

30 to 60 days 188415 4%

Over 60 days 88562 10%

$732509

Required - What is the bad debt expense for the year?

a. $20948

b. $13526

c. $0

d. $28370

Reference no: EM132878894

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