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Marston Company has outstanding accounts receivable totaling 2.5 million as of December 31 and sales ...

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Marston Company has outstanding accounts receivable totaling 2.5 million as of December 31 and sales ...

Marston Company has outstanding accounts receivable totaling 2.5 million as of December 31 and sales on credit during the year of 24 million. There is also a credit balance of 12,000 in the allowance for doubtful accounts. After aging its receivables, the company estimates that 8% of its total outstanding receivables will be uncollectible. What will be the amount of bad debt expense recognized for the year?
A) 12,000
B) 200,000
C) 212,000
D) 188,000

Textbook

Intermediate Accounting

Edition: 1^st

Authors: Gordon, Raedy, Sannella

Read 41 times

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More solutions for this book are available here

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Such a godsend, you helped me and my friend big time

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