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?