Reference no: EM132509992
Question - Vaststrom Company had the following data for the year.
Accounts receivable, beginning of year $150,000
Allowance for bad debts, beginning of year 30,000
Cash collected from credit customers 830,000
Credit sales for the year 868,000
Accounts receivable, end of year 180,000
Allowance for bad debts, end of year 58,000
Required - What was Vaststrom Company's BAD DEBT EXPENSE for the year? Write the dollar amount of your answer.