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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
At the beginning of 2017, Smoothie Town, Inc. has the following account balances:

Accounts receivable $44,000 (Debit)
Allowance for Bad Debts $7,000 (Credit)

During the year, credit sales were $820,000. Cash collected on credit sales was $750,000, and $18,000 was written off. Smoothie Town uses the aging-of-receivables method to record bad debts expense. The amount estimated as uncollectible was $26,000. The amount of Bad Debts Expense for 2017 is ________.
A) $11,000
B) $37,000
C) $26,000
D) $8,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
8 years ago
I just realized you had posted this! Thanks so much
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