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What is bad debt expense?


If sales are $950,000
Sales Returns & Allowances $21,000
Acct. Rec $114,000
Allowance for Doubtful Acc $1000

If bad debts are est. at 2% of net credit sales what is reported as bad debt expense?

538 day(s) ago

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Answers (1)

alohachris 		In the business world.
You have "assets." (your gains) Employee's working their
@$$'s off.
You have "liabilities." (your loses) Bosses paying for @$$'s.

Posted 538 days ago

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