The following information is available for Murphy Company: As a result of a review and aging of accounts receivable in early January 2011, however, it has been determined that an allowance for doubtful accounts of $5,500 is needed at December 31, 2010.What amount should Murphy record as "bad debt expense" for the year ended December 31, 2010?

Question

The following information is available for Murphy Company:  As a result of a review and aging of accounts receivable in early January 2011, however, it has been determined that an allowance for doubtful accounts of $5,500 is needed at December 31, 2010.What amount should Murphy record as "bad debt expense" for the year ended December 31, 2010?

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The Answer of The following information is available for Murphy Company:  As a result of a review and aging of accounts receivable in early January 2011, however, it has been determined that an allowance for doubtful accounts of $5,500 is needed at December 31, 2010.What amount should Murphy record as "bad debt expense" for the year ended December 31, 2010?

The Following Information Is Available for Murphy Company: as a Result