A company used the aging of accounts receivable method and at December 31 determined that the net realizable value of accounts receivable was $304,000.In addition,the records show the following: What was the amount of Bad Debt Expense for the year?
A)$96,000
B)$64,000
C)$80,000
D)$16,000

Question

A company used the aging of accounts receivable method and at December 31 determined that the net realizable value of accounts receivable was $304,000.In addition,the records show the following:  What was the amount of Bad Debt Expense for the year?
A)$96,000 
B)$64,000 
C)$80,000 
D)$16,000

Quizplus · Accepted Answer

The Answer of A company used the aging of accounts receivable method and at December 31 determined that the net realizable value of accounts receivable was $304,000.In addition,the records show the following:  What was the amount of Bad Debt Expense for the year?
A)$96,000 
B)$64,000 
C)$80,000 
D)$16,000

A Company Used the Aging of Accounts Receivable Method and at December