Bad Debt Expense Assignment | Top Universities
The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2017: Debit Credit Accounts receivable $750,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000 Starr estimates that 6% of the gross accounts receivable will become uncollectible. What amount should be recognized as a bad debt expense for the year 2017?
E. $180,000. Get Accounting homework help today