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Calculate the bad debt expense

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Reference no: EM132441546

Question - The following information is related to December 31, 2016 balances.

Accounts receivable $3150000

Allowance for doubtful accounts (credit) (270000)

Cash realizable value $2880000

During 2017 sales on account were $870000 and collections on account were $516000. Also during 2017 the company wrote off $48000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $324000. Bad debt expense for 2017 is

$102000.

$54000.

$324000.

$6000.

Reference no: EM132441546

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