Bad debts are estimated to be 6 of outstanding receivables., Ask an Expert

Accounting

Papa Bear Corporation's unadjusted trial balance includes the following balances (assume normal balances):
• Accounts Receivable $1,119,000
• Allowances for Doubtful Accounts $ 21,300

Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debts expense will the company record?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991914

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