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Bonita Industries prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $904000. Additional information is available as follows:

Allowance for uncollectible accounts at 1/1/20âcredit balance $101500
Accounts written off as uncollectible during 2020 69500
Accounts receivable at 12/31/20 966500
Uncollectible accounts recovered during 2020 14000

For the year ended December 31, 2020, Bonita's bad debt expense would be:________

Sagot :

ayokenny2001

Answer:

See

Explanation:

With regard to the above information, Bonita's bad debt expense for the year ended, 31 December 2020 would be computed as;

= Allowance for uncollectible accounts + accounts written off as uncollectible -accounts receivables

= $101,500 + $69,500 - $966,500

=

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