Solution-What was the amount of Bad Debt Expense for the

What was the amount of Bad Debt Expense for the year

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Question - Menaza Company used the aging of accounts receivable method. At December 31, management determined that the net realizable value of accounts receivable was $304,000. The balance in Accounts Receivable was $384,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $16,000.

What was the amount of Bad Debt Expense for the year?

A. $96,000.

B. $64,000.

C. $80,000

D. $16,000.

Reference no: EM132438563

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What was the amount of Bad Debt Expense for the year

Reference no: EM132438563

Reference no: EM132438563

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