Marigold Corp. unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $ 1890000
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Question:
Marigold Corp. unadjusted trial balance includes the following balances (assume normal balances):
• | Accounts receivable | $1890000 |
• | Allowance for doubtful accounts | $45000 |
Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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