Question: NEED THE CORRECT ANSWER ASAP!! explain where i went wrong! thank you! Bad Debt Expense: Aging Method Glencoe Supply had the following accounts receivable aging

NEED THE CORRECT ANSWER ASAP!! explain where i went wrong! thank you!

you! Bad Debt Expense: Aging Method Glencoe Supply had the following accounts

Bad Debt Expense: Aging Method Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year. The balance in Glencoe allowance for doubtful accounts at the beginning of the year was $50,280 (credit). During the year, accounts in the total amount of $51,232 were written off. Required: 1. Determine bad debt expense. 2. Prepare the journal entry to record bad debt expense. If an amount box does not require an entry, leave it blank. (Record adjusting entry for bad debt expense estimate) 3. If Glencoe had written off $86,000 of receivables as uncollectible during the year, how much would bad debt expense reported on the income statement have changed? x

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