The trial balance before the adjustment of Risen Company for 2014 reports the following balances: Accounts receivable Dr. $163,000 Cr. Allowance for doubtful accounts $1,260 Sales (all on credit) 500,000 Sales returns and allowances 26,000 Assume that Risen Company estimates doubtful accounts to be 10% of gross accounts receivable Bad Debt Expense for 2014 would be: a. $16,300. b. $13,780. c. $17,560. d. $15,040.
The trial balance before the adjustment of Risen Company for 2014 reports the following balances: Accounts receivable Dr. $163,000 Cr. Allowance for doubtful accounts $1,260 Sales (all on credit) 500,000 Sales returns and allowances 26,000 Assume that Risen Company estimates doubtful accounts to be 10% of gross accounts receivable Bad Debt Expense for 2014 would be: a. $16,300. b. $13,780. c. $17,560. d. $15,040.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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