Marigold Company provides for bad debt expense at the rate of 3% of accounts receivable. The...
Marigold Company provides for bad debt expense at the rate of 3%
of accounts receivable. The following data are available for
2018:
| Allowance for doubtful accounts, 1/1/18 (Cr.) | $ 12600 |
| Accounts written off as uncollectible during 2018 | 8900 |
| Ending accounts receivable | 1202000 |
The Allowance for Doubtful Accounts balance at December 31, 2018,
should be
$36060.00.
$32360.00.
$3700.00.
$39760.00.
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Marigold Company provides for bad debt expense at the rate of 3%
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