Solution-What is the amount of bad debt expense desert will

What is the amount of bad debt expense desert will report

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Reference no: EM132862143

Problem - Desert Company reports the following normal balances for the year 202X:

Balance in ADA at 1/1 $35,010

Balance in A/R at 1/1 $600,000

Balance in A/R at 12/31 $753,311

Desert estimates that 5% of accounts receivable will be uncollectible. During the year, it wrote off $21,119 of accounts and collected $6,070 on accounts previously written off. What is the amount of bad debt expense Desert will report on its 202X income statement?

Reference no: EM132862143

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What is the amount of bad debt expense desert will report

Reference no: EM132862143

Reference no: EM132862143

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