Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances): - Accounts receivable $\quad \quad \quad \quad \quad \$ 1,865,000$
- Allowance for doubtful accounts $\quad \$ 35,500$ Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
A)$119,400
B)$76,400
C)$74,270
D)$114,030

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The Answer of Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances): - Accounts receivable $\quad \quad \quad \quad \quad \$ 1,865,000$
- Allowance for doubtful accounts $\quad \$ 35,500$ Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
A)$119,400
B)$76,400
C)$74,270
D)$114,030

Thompson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume $1,865,000\quad \quad \quad \quad \quad \$ 1,865,000$1,865,000

Thompson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume $\quad \quad \quad \quad \quad \$ 1,865,000$