Question

Assume the Murtha Company reported the following adjusted account balances at year-end.


2016 2015
Accounts Receivable $1,560,200 $1,210,920
Allowance for Doubtful Accounts (79,000) (64,600)
Accounts Receivable, Net $1,481,200 $1,146,320

Assume the company recorded no write-offs or recoveries during 2016. What was the amount of Bad Debt Expense reported in 2016?

A) $79,000

B) $64,600

C) $28,800

D) $14,400

Answer

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