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