Wholesale Stuff, Inc. sells to retailers on account. Sales for the year totaled $9,900,000. The company uses the aging method for determining bad debt expense. The aging report and related information includes:
The unadjusted balance in the allowance account at year end is $1,700 credit. What is the amount of bad debt expense for the year?
A) $30,690
B) $32,400
C) $34,100
D) $35,800
Correct Answer:
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