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21 May, 23:40

Blue Spruce Corp. unadjusted trial balance includes the following balances (assume normal balances) : •Accounts Receivable$1160000•Allowances for Doubtful Accounts$24900Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record?

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  1. 22 May, 03:16
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    Answer: = $33100

    Step-by-step explanation:

    Amount of bad debt expense is given by;

    = Bad debt estimate - allowance for doubtful accounts

    = 5% of account receivables - allowance for doubtful accounts

    = 5/100 * 1160000 - 24900

    =58000 - 24900

    = $33100

    Goodluck ...
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