Carnival Co. uses aging of accounts receivable method. At the end of year 2011, Carnival estimated that it needed $500,000 in allowance for doubtful account. Carnival had a previous credit balance of $100,000 in allowance for doubtful account from 2010. What should be the bad debt expense for 2011?

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Answer To calculate the bad debt expense for 2011 using the aging ... View the full answer