San Ltd.'s allowance for doubtful accounts was $85,000 at the end of Y8 and $105,000 at the
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Question:
San Ltd.'s allowance for doubtful accounts was $85,000 at the end of Y8 and $105,000 at the end of Y7. For the year ended December 31, Y8, San reported bad debt expense of $18,000 in its income statement. What amount did San debit to allowance for doubtful accounts during Y8 to write off actual bad debts?
$12,000
$38,000
$20,000
$34,650
Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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