Here is information related to Shashko Company for 2012. What amount of bad debt

Question

Here is information related to Shashko Company for 2012. What amount of bad debts expense will Shashko Company report if it uses the direct write - off method of accounting for bad debits Assume that Shashko Company decides to estimate its bad debts expense based on 4% of accounts receivable. What amount of bad debts expense will the company record if Allowance for Doubtful Accounts has a credit balance of $3,100 Assume the same facts as in part (b), except that there is a $2,300 debit balance in Allowance for Doubtful Accounts. What amount of bad debts expense will Shashko record

Explanation / Answer

Answer(a) $35800

Answer:(b) 848500*4%=33940

Bad debts expense=33940-3100=30840

Answer:(c) 33940+2300=36240

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