Answered

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thompson corparations unadjusted trial balance includes the following balances assume normal balance accounts reciavable 1,865,000 allowance for doubtfull accounts 35,000 bad debts are estimated to be 6% of outstadning recievables what amount of bad debt expense will the company record

Sagot :

Answer: $76900

Explanation:

The following information can be deduced from the question:

Accounts receivable = $1,865,000

Allowance for doubtful debts = $35000

Estimated bad debt = 6% × $1,865,000 = $111900

The amount of bad debt expense that the company will record will be:

= Estimated bad debt - Allowance for doubtful debts

= $111900 - $35000

= $76900

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