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The following information is available for Bonita Industries: Allowance for doubtful accounts at December 31,...

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Accounting

imageThe following information is available for Bonita Industries: Allowance for doubtful accounts at December 31, 2016 $23500 Credit sales during 2017 1280000 Accounts receivable deemed worthless and written off during 2017 28900 As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $16700 is needed at December 31, 2017. What amount should Bonita record as "bad debt expense" for the year ended December 31, 2017? $16700 $22100 $40200 $11300

The following information is available for Bonita Industries: $23500 1280000 Allowance for doubtful accounts at December 31, 2016 Credit sales during 2017 Accounts receivable deemed worthless and written off during 2017 28900 As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $16700 is needed at December 31, 2017. What amount should Bonita record as "bad debt expense" for the year ended December 31, 2017? $ 16700 $ 22100 $ 40200 $ 11300

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