Homework Answers
Allowance for uncollectible amounts is $8500 less bad debt written off which is $7600 which shows for a credit of $900.
The allowance would be 2% of accounts receivable which would be $226000+$22800= $248800*4%= $9952 less the credit of $900 so the bad debt expense is $9952- $900 which is $9052.
Answer is option d.
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