Question: ment CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK Problem 6-8 Here is information related to Blossom Company for 2017 Total credit sales Accounts receivable at
ment CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK Problem 6-8 Here is information related to Blossom Company for 2017 Total credit sales Accounts receivable at December 31 Bad debts written off $1,446,000 723,000 37,300 (a) What amount of bad debt expense 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 decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a balance of $3.000? Bad debts expense $ Click if you would like to show Work for this question: Open Show Work
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