Solved

Birkan Company Reported the Following Information: During 2021, Sales

Question 128

Multiple Choice

Birkan Company reported the following information: Birkan Company reported the following information:   During 2021, sales on account were $145,000 and collections on account were $100,000.Also during 2021, the company wrote off $4,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year-end indicated that uncollectible accounts should 1.Bad debt expense for 2021 is A) $4,000. B) $5,000. C) $9,000 D) $40,000. During 2021, sales on account were $145,000 and collections on account were $100,000.Also during 2021, the company wrote off $4,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year-end indicated that uncollectible accounts should 1.Bad debt expense for 2021 is


A) $4,000.
B) $5,000.
C) $9,000
D) $40,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents