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Vitek1552 [10]
3 years ago
7

Blue Spruce Corp. unadjusted trial balance includes the following balances (assume normal balances):•Accounts Receivable$1160000

•Allowances for Doubtful Accounts$24900Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record?
Mathematics
1 answer:
otez555 [7]3 years ago
7 0

Answer: = $33100

Step-by-step explanation:

Amount of bad debt expense is given by;

= Bad debt estimate - allowance for doubtful accounts

= 5% of account receivables - allowance for doubtful accounts

= 5/100 × 1160000 - 24900

=58000 - 24900

= $33100

Goodluck...

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