Sliders Company
Sliders Company sells its merchandise only on credit.The following data are available at December 31,2017:
$$\begin{array} { l r }
\text { Sales } & \$ 375,000 \
\text { Sales returns and allowances } & 12,000 \
\text { Accounts receivable-January 1, 2017 } & 60,600 \
\text { Allowance for doubtful accounts-January 1, 2017 } & 3,200 \
\text { Cash collections during 2017 } & 362,500 \
\text { Accounts written off as uncollectible during 2017 } & 2,400
\end{array}$$
-Refer to the data for Sliders Company.
Assume the company estimates bad debts using an aging analysis and the aging schedule indicates that $3,600 of the year-end Accounts Receivable will be uncollectible.
A) What amount will Sliders Company recognize as bad debts expense for the year?

Question

Sliders Company
Sliders Company sells its merchandise only on credit.The following data are available at December 31,2017:
 $$\begin{array} { l r } 
\text { Sales } & \$ 375,000 \
\text { Sales returns and allowances } & 12,000 \
\text { Accounts receivable-January 1, 2017 } & 60,600 \
\text { Allowance for doubtful accounts-January 1, 2017 } & 3,200 \
\text { Cash collections during 2017 } & 362,500 \
\text { Accounts written off as uncollectible during 2017 } & 2,400
\end{array}$$  
-Refer to the data for Sliders Company.
Assume the company estimates bad debts using an aging analysis and the aging schedule indicates that $3,600 of the year-end Accounts Receivable will be uncollectible.
 A) What amount will Sliders Company recognize as bad debts expense for the year?

Quizplus · Accepted Answer

The Answer of Sliders Company
Sliders Company sells its merchandise only on credit.The following data are available at December 31,2017:
 $$\begin{array} { l r } 
\text { Sales } & \$ 375,000 \
\text { Sales returns and allowances } & 12,000 \
\text { Accounts receivable-January 1, 2017 } & 60,600 \
\text { Allowance for doubtful accounts-January 1, 2017 } & 3,200 \
\text { Cash collections during 2017 } & 362,500 \
\text { Accounts written off as uncollectible during 2017 } & 2,400
\end{array}$$  
-Refer to the data for Sliders Company.
Assume the company estimates bad debts using an aging analysis and the aging schedule indicates that $3,600 of the year-end Accounts Receivable will be uncollectible.
 A) What amount will Sliders Company recognize as bad debts expense for the year?

Sliders Company Sliders Company Sells Its Merchandise Only on Credit

Sliders Company
Sliders Company Sells Its Merchandise Only on Credit