Your Company had a beginning balance in its Accounts Receivable of $250,000. Your Company earned $850,000 of revenue on account during the current year. It also had $600,000 of cash sales. Your Company collected $625,000 of its receivables during the year. The company estimates that it will be unable to collect 6% of its sales on account. 

What is the bad debt expense for the year?

Answer rating: 100% (QA)

Beginning balance in accounts receivable250000 Revenue on account during the year850000 C... View the full answer