Question: Need an explanation for this question. I was wondering why this was the correct answer. Debt Expense ost of Goods Sold/Cost of Sales Expense Equipment
Need an explanation for this question. I was wondering why this was the correct answer.
Debt Expense ost of Goods Sold/Cost of Sales Expense Equipment & Fiutures Tincome T 47. Assume Murray Company had the following balances at year-end. 2014 From the Balance Sheet Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net 2015 1,560,200 1,210,920 (64,600) 1,481,200 1,146,320 (79,000) Assume the company recorded no write-offs or recoveries during 2015. What was the amount of bad debt expense reported in 2015? A. $79,000 B. $64,600 D. $14,400
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