The following information is taken from the Classic Car Shop records Accounts receivable, 31 December 2024 $30,000 (debt) 2024 net credit sales 54,000 Accounts deleted as non collectible through 2024 4,900 Cash sales throughout 2024 48,000 The company uses direct write off method for bad debts What...

To calculate the amount of doubtful debt expense using the direct writeoff method we nee ...

The following information is taken from the Classic Car Shop records: Accounts receivable, 31 December 2024 $30,000

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The following information is taken from the Classic Car Shop records:

Accounts receivable, 31 December 2024	$30,000 (debt)
2024 net credit sales	54,000
Accounts deleted as non-collectible through 2024	4,900
Cash sales throughout 2024	48,000

The company uses direct write-off method for bad debts.

What is the amount of doubtful debt expense?

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The following information is taken from the Classic Car Shop records: Accounts receivable, 31 December 2024 $30,000

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