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Calculate bad debt expense

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Reference no: EM131579316

Problem - A trial balance for Green Company before adjustment included the following:

Debit 

Credit 

Accounts receivable $140,000

Allowance for doubtful accounts 730

Sales $610,000

Sales returns and allowances 8,000

Instructions: Calculate bad debt expense assuming that the estimate of uncollectible accounts is determined by taking

(1) 5% of gross accounts receivable;

(2) 3% of gross accounts receivable and assume a $600 debit balance;

(3) 10% of net sales.

Reference no: EM131579316

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