Becky M.

asked • 06/28/16

Accounting: Bad Expense Account

Using the aging method of accounts receivable method, $5,900 of the company’s Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $109,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $680. Credit sales during the year totaled $168,000. What is the current year’s Bad Debt Expense?

$8,580.
$5,220.
$5,900.
$7,900.

3 Answers By Expert Tutors

By:

Serge M. answered • 12/10/16

Tutor
5 (11)

PhD and CPE with 40 years of experience teaching accounting

Degonimia H. answered • 07/01/16

Tutor
New to Wyzant

Efficient work at reduced prices

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