Smithson 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)$67,140
B)$45,840
C)$44,562
D)$68,418

Question

Smithson 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)$67,140 
B)$45,840 
C)$44,562 
D)$68,418

Quizplus · Accepted Answer

The Answer of Smithson 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)$67,140 
B)$45,840 
C)$44,562 
D)$68,418

Smithson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume