Question: Help System Announcements CALCULATOR PRINTER VERSION CES 4 AACK NEXT Problem 8-04A a-c Here is information related to Blossom Company for 2022. Total credit sales

 Help System Announcements CALCULATOR PRINTER VERSION CES 4 AACK NEXT Problem

Help System Announcements CALCULATOR PRINTER VERSION CES 4 AACK NEXT Problem 8-04A a-c Here is information related to Blossom Company for 2022. Total credit sales Accounts receivable at December 31 Bad debts written off $1,579,000 789,500 37,300 (a) What amount of bad debt expens will Blossom Company report if it uses the direct write-off method of accounting for bad debts? Bad debts expense $ (b) Assume that Blossom Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a credit balance of $3,2007 Bad debts expense (c) Assume the same facts as in (b), except that there is a $1,100 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Blossom record? Bad debts expense s Click if you would like to Show Work for this question: Open Show Work

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