Question

Empire has a credit balance of $750 in its allowance for doubtful accounts. the balance in the accounts receivable account is $80,500, with $2,415 estimated to be uncollectible after aging the accounts. under the balance sheet approach, the debit to bad-debt expense will be

Answer 1

Empire has a credit balance of $750 in its allowance for doubtful accounts. the balance in the accounts receivable account is $80,500, with $2,415 estimated to be uncollectible after aging the accounts. under the balance sheet approach, the debt to bad-debt expense will be $ 1,665.