Cullumber Marine Corporation$’$s unadjusted trial balance includes the following balances $($assume normal balances$)$:

$•$ Accounts receivable $$1840000$

$•$ Allowance for doubtful accounts $$33700$

Uncollectible are estimated to be $6\%$ of outstanding receivables. What amount of bad debt expense will the company record?

Answer rating: 100% (QA)

ANSWER To calculate the amount of bad debt expense we first need to determine the estimated uncolle... View the full answer