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serg [7]
3 years ago
12

Using the aging method of accounts receivable method, $5,800 of the company’s Accounts Receivable are estimated to be uncollecti

ble. At the end of the year, the balance of Accounts Receivable is $108,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $660. Credit sales during the year totaled $166,000. What is the current year’s Bad Debt Expense?
Business
1 answer:
djverab [1.8K]3 years ago
6 0

Answer:

$5,140

Explanation:

Data provided in the question:

Uncollectible Accounts receivable = $5,800

Balance of Accounts Receivable = $108,000

Allowance for Doubtful Accounts = $660

Credit sales during the year = $166,000

Now,

Bad debt expense = Uncollectible Receivables - Allowance of doubtful debts

or

Bad debt expense = $5,800 - $660

or

Bad debt expense = $5,140

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