What is the bad debts expense for 2010 what will be the net

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Reference no: EM13605884

Determine bad debts expense using the percentage of sales method. Following are the 2010 year-end balances before adjustments;
• Accounts receivable (AR) $80,000
• Allowance for uncollectible accounts $ (2,000)
• Net sales $250,000
Using the percentage of sales method, the company estimates 3% of sales will become uncollectible. What is the bad debts expense for 2010? What will be the net realizable value of accounts receivable on the year-end balance sheet?

Reference no: EM13605884

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