Question

A company used the aging of accounts receivable method. At December 31, management determined that the net realizable value of accounts receivable was $304,000. The balance in Accounts Receivable was $384,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $16,000. What was the amount of Bad Debt Expense for the year?

A) $96,000

B) $64,000

C) $80,000

D) $16,000

Answer

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