Friday, 4 September 2015

Uestion Bad Debts Expense

Accounts receivable
Cash realizable value
During 2007 sales on account were $290,000 and collections on account were $172,000. Also during 2007 the company wrote off $16,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $108,000.
Bad debts expense for 2007 is

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