Question: PRINTER VERSsION ACH NEXTH Problem 8-2A Information related to Mingenback Company for 2017 is summarized below. Total credit sales Accounts recevable at December 31 Bad
PRINTER VERSsION ACH NEXTH Problem 8-2A Information related to Mingenback Company for 2017 is summarized below. Total credit sales Accounts recevable at December 31 Bad debts written off $2,500,000 875,000 33,000 (a) what amount of bad debt expense will Mingenback Company report if it uses the direct write oflf method of accounting for bad debts? Assume that Mingenback Company of $4,0007 estimates its bad debt expense to be 2% of credit sales. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts oredit balonce (b) Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts recervable. What amount of bad debt expense wil Mngenback record if it has an Alowance for Doubtful Accounts credit balance of $3.0007 (C Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record (d debit balance of $3,000? it has an Allowance for Doubtful Accounts
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