Allowance for doubtful accounts at December 31, 2003 $ 8,000
Credit sales during 2004 400,000
Accounts receivable deemed worthless and written off during 2004 9,000
As a result of a review and aging of accounts receivable in early January 2005, however, it has been determined that an allowance for doubtful accounts of $9,500 is needed at December 31, 2004. What amount should I record as "bad debt expense" for the year ended December 31, 2004?
2007-10-08
14:29:58
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3 answers
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asked by
Anonymous