30. Kramer Company uses the aging method of accounts receivable method and determined that $5,000...
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Accounting
30. Kramer Company uses the aging method of accounts receivable method and determined that $5,000 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $100,000 and the unadjusted DEBIT balance of the Allowance for Doubtful Accounts is $500. Credit sales during the year totaled $150,000. What is the current years Bad Debt Expense? (This is in my notes)
$94,500
$95,000
None of the above
$155,000
$95,500
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