As of 12/31/21 Treat Yourself Corp. has A/R of $200,000. The company splits its accounts receivables
As of 12/31/21 Treat Yourself Corp. has A/R of $200,000. The company splits its accounts receivables into three age categories and estimates probable uncollectability for each category: Age A/R Amount % Uncollectable Not yet due $120,000 2% 45,000 8% Up to 90 days past due Over 90 days past due Total 35,000 40% $200,000 As of 12/31/21. Treat Yourself's Allowance for Doubtful Accounts has a debit balance of $3,000 before any adjusting entries. What amount of bad debt expense will TYC recognize for the period ended 12/31/21? Enter your answer as a positive number in the box below May 16 2022 03:09 PM
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