Question

Assume Cluck Home Remedy reported the following adjusted account balances at year-end. 2019 2018 Accounts Receivable $ 1,730,200 $ 1,380,920 Allowance for Doubtful Accounts (96,000 ) (79,900 ) Accounts Receivable, Net $ 1,634,200 $ 1,301,020 Assume the company recorded no write-offs or recoveries during 2019. What was the amount of Bad Debt Expense reported in 2019

Answer 1

Answer: $16100

Step-by-step explanation:

From the information given, we should note that the amount of bad debt expense reported in 2019 will be:

= Ending balance of the allowance account - Bginning balance of the allowance account.

= $96000 - $79900

= $16100

Therefore, the bad debt expense is $16100