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Here is information related to Pharoah Company for 2022. $1.643.000 Total credit sales Accounts receivable...

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Accounting

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Here is information related to Pharoah Company for 2022. $1.643.000 Total credit sales Accounts receivable at December 31 Bad debts written off 821.500 35.700 (a) What amount of bad debt expense will Pharoah Company reportif it uses the direct write-off method of accounting for bad debts? Bad debts experse $ (b) Assume that Pharoah Company uses the percentage of receivables basis to record bad debt expense and concludes that 4% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record ir Allowance for Doubtful Accounts has a credit balance of $2.9007 Bad debts expense Question 12 of 13

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