Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances): 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

Question

Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances):  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

Quizplus · Accepted Answer

The Answer of Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances):  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