Here is information related to Wildhorse Company for 2022. Total credit sales $1.419,000 Accounts receivable...
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Here is information related to Wildhorse Company for 2022. Total credit sales $1.419,000 Accounts receivable at December 31 845,000 Bad debts written ott 34,900 (a) What amount of bad debt expense will Wildhorse Company report if it uses the direct write-off method of accounting for bad debts $ (b) Assume that Wildhorse Company uses the percentage-ofreceivables basis to record bad debt expense and concludes that 5% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record i Allowance for Doubtful Accounts has a credit balance of $3,000? c) Assume that Wildhorse Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 5% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record i Allowance for Doubtful Accounts has a debit balance of $900
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