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H3Ko H3Ko
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7 years ago
The following information is from the records of Armadillo Camera Shop:

Accounts receivable, December 31, 2017   $81,000 (debit)
Net credit sales for 2017   163,000
Accounts written off as uncollectible during 2017   16,000
Cash sales during 2017   45,000

The company uses the direct write-off method for bad debts. What is the amount of bad debts expense?
A) $16,000
B) $45,000
C) $66,000
D) $81,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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