Determining bad debt expense

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Reference no: EM1357853

Question: Oddessy consulting has the following for year ended 12-31-09 before adjustments.

Accounts receivable

$ 330,000

Net Credit Sales

$1,200,000

备抵可疑accounts

$4,700 credit balance

Estimated percentage of Bad debts on credit sales

2%

Oddessy uses the net credit sales method of estimating bad debt expense. The journal entry for estimating bad debt expense at year end is:

A) Allowance for doubtful accounts 24,000
Accounts Receivable 24,000

b)可疑帐户的津贴28,700
Bad Debts Expense 28,700

C) Bad Debts Expense 28,700
备抵可疑accounts 28,700

D) Bad Debts Expense 24,000
备抵可疑accounts 24,000

Reference no: EM1357853

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