contestada

2016 2015 Accounts Receivable $1,560,200 $1,210,920 Allowance for Doubtful Accounts (79,000) (64,600) Accounts Receivable, Net $1,481,200 $1,146,320 Assume the company recorded no write-offs or recoveries during 2016. What was the amount of Bad Debt Expense reported in 2016?

Respuesta :

Answer:

$14,400

Explanation:

The computation of the amount of bad debt expense is shown below:

= Ending balance of Allowance for Doubtful Accounts - the Beginning balance of Allowance for Doubtful Accounts

= $79,000 - $64,600

= $14,400

Since there is no write-off balance, so we consider the opening and ending balance of Allowance for Doubtful Accounts

All other information which is given is not relevant. Hence, ignored it