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San Mateo Company had the following account balances at December 31,2021, before recording bad...

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Question

Accounting

San Mateo Company had the following account balances at December 31,2021, before
recording bad debt expense for the year:
San Mateo is considering the following approaches for estimating bad debts for 2021:
Based on 3% of credit sales
Based on 6% of year-end accounts receivable
What amount should San Mateo charge to bad debt expense at the end of 2021 under
each method?
a.
b.
c.
d.
A) Option A
B) Option B
(C) Option C
D) Option D
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