A user has a credit card–sized card used to prove her identity with a pin. what is this card called?
1 answer:
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Answer:
Bad debt expenses $ 12,080
Allowance for doubtful accounts $ 12,080
Explanation:
Accounts 4% of AR
That is $362,000 x 4% = $14,480 expected allowance.
The current balance = 2400 credit
<u>Journal entry:</u>
Debit Credit
Bad debt expenses [(362,000 x 4%) - 2400] $12,080
$12,080
(To record bad debt expense)