5. If accounts receivable have a balance of $6,010,342, sales are $7,042,913, allowance for doubtful...
90.2K
Verified Solution
Link Copied!
Question
Accounting
5. If accounts receivable have a balance of $6,010,342, sales are $7,042,913, allowance for doubtful accounts has a credit balance of $211,287. If the company uses a rate of 2.45% of net sales to calculate the bad debt expense, what is the expense?
a. $145,463
b. $147,253
c. $170,761
d. $172,551
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
