With this information provided

part (B) asks, "Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Migenback record if it has an Allowance for Doubtful Accounts credit balance of $3,000?

Question 7 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct Information related to Mingenback Company for 2019 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written $2,500,000 875.000 23000 (a) What amount of bad debt expense will Mingenback Company report it uses the direct wit off method of accounting for bad debts? (b) Assume that Mingenback Company estimates its bad debt expense based on 6 of accounts receivable What amount of bad debt expense wil Mingenback record it has an Allowance Id Assume that Mingenback Company estimates its bad debt expense based on 6 of accounts receivable What amount of bad debt expense wil Mingenback record it has an Allowance Question 7 9.58/14 Show Attory Current Attempts Progres - Your answer is partially correct Indomation related to Mingback Company for 2019 below Total credit sales Accounts receivable at December 31 Baddebits written of $2.500.000 875.000 000 pense wil ingenback Company report it uses the direct write oft method of accounting for bad debts mpany states its bad dek b edono con recevable Watotoha p ewel Mirgenback record it has an Allowance for Double con credit balance of 53000 mpany estimates its bad debt expense based on all of accounts recelvation What amount of bas detit xpert will Mengertuck record tahan an Allowance for Doubtful Accounts detit balance of $3.0000 Information related to Mingenback Company for 2019 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written off $2,500,000 875,000 33.000