Clark Company estimated the net realizable value of its accounts receivable as of December 31,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Clark Company estimated the net realizable value of its accounts receivable as of December 31, 2019, to be $182,000, based on an aging schedule of accounts receivable. Clark has also provided the following information:
The accounts receivable balance on December 31, 2019 was $195,400.
Uncollectible accounts receivable written off during 2019 totaled $13,700.
The allowance for doubtful accounts balance on January 1, 2019 was $18,400.
How much is Clark's 2019 bad debt expense?
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!
