During 2018, Yellow Corp. made sales of $375,000 on the account. The balances in its Accounts Receivable
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During 2018, Yellow Corp. made sales of $375,000 on the account. The balances in its Accounts Receivable and Allowance for Doubtful Accounts on December 31, 2018 were $100,000 and $15,000 (Credit) respectively. An aging schedule indicated that $22,000 of the receivables would prove uncollectible. The amount of bad debts expense that had to be recorded was?
$37,000
$15.000
$7.000
$22.000
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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