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Bad Debt Expense: Aging Method Clencoe Supply had the following accounts receivable aging schedule at...

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Accounting

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Bad Debt Expense: Aging Method Clencoe Supply had the following accounts receivable aging schedule at the end of a recent yeat The baiance in Giencoe allowance for doubtful accounts at the beginning of the year was $46,960 (credit). Duriog the year, accounts in the total amount of $51,232 nere written off. Required: 1. Determine bad debt expense. 2. Prepare the journal entry to record bad debt expense. If an amoumt box does not require an entry, leave it blank. 3. If ciencoe had written off $63,000 of receivabees as uncoliectibie during the yeac how much would bad debt expense reported on the income statement have changed

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