A company’s Accounts Receivable balance at the end of the year on December 31 is $125,650, and its Allowance for Doubtful Accounts has a credit balance of $328 before the year-end adjustment. His net sales are $572,300. It estimates that 4% of outstanding accounts receivable are uncollectible. What amount of bad debt expense is recorded as of December 31?

Sep 8, 2023

A company’s Accounts Receivable balance at the end of the year on December 31 is $125,650, and its Allowance for Doubtful Accounts has a credit balance of $328 before the year-end adjustment. His net sales are $572,300. It estimates that 4% of outstanding accounts receivable are uncollectible. 

What amount of bad debt expense is recorded as of December 31?

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A company’s Accounts Receivable balance at the end of the year on December 31 is $125,650, and its Allowance for Doubtful Accounts has a credit balance of $328 before the year-end adjustment. His net sales are $572,300. It estimates that 4% of outstanding accounts receivable are uncollectible. What amount of bad debt expense is recorded as of December 31?
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