Gray company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. The gray company computes a total of $3,600 in estimated doubtful accounts as of december 31. Its accounts receivable account has a balance of $112,800 and its allowance for doubtful accounts has a credit balance of $600 before adjustment at december 31. How much bad debts expense will gray report for the year?.

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04-10-2022
Business

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Gray company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. The gray company computes a total of $3,600 in estimated doubtful accounts as of december 31. Its accounts receivable account has a balance of $112,800 and its allowance for doubtful accounts has a credit balance of $600 before adjustment at december 31. How much bad debts expense will gray report for the year?.

Sagot :

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