Bad debts are estimated to be 6% of outstanding receivables. What
amount of bad debts expense will the company record?
$15,000
$44,100
$30,000
$45,000
11-
Multiple Choice Question 97
Using the percentage-of-receivables basis, the uncollectible accounts
for the year is estimated to be $31,000. If the balance for the
Allowance for Doubtful Accounts is a $7,000 debit before adjustment,
what is the amount of bad debts expense for the period?
$31,000
$38,000
$7,000
$24,000
12-
Multiple Choice Question 103
Using the following information:
12/31/12
Accounts receivable $ 525,000
Allowance (35,000 )