What should bad debt expense for 20x1 be

Reference no: EM133612142

Question On December 31, 20x1, BHCC had unadjusted account balances in accounts receivable of $300,000 and $1,500 (credit) in the allowance for doubtful accounts. An analysis of BHCC December 31, 20x1, accounts receivable suggests that the allowance for doubtful accounts should be 3% of accounts receivable. What should Bad debt expense for 20x1 be? (Show your reasoning!)

Reference no: EM133612142

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