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.
Correct Answer:
Verified
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