Here is information related to Splish Company for 2022. Total credit sales $2,550,000 Accounts receivable at December 31 848,000 Uncollectibles written off 32,000 (a) What amount of bad debt expense...


Here is information related to Splish Company for 2022.























Total credit sales$2,550,000
Accounts receivable at December 31848,000
Uncollectibles written off32,000











(a)

What amount of bad debt expense will Splish Company report if it uses the direct write-off method of accounting for uncollectibles?
$____________











(b)

Assume that Splish Company uses the percentage-of-receivables basis to record bad debt expenseand concludes that 5% of accounts receivable will become uncollectible. What amount of bad debt expense will Splish record if Allowance for Doubtful Accounts has a credit balance of $3,700?
$__________











(c)

Assume that Splish Company uses the percentage-of-receivables basis to record bad debt expenseand concludes that 5% of accounts receivable will become uncollectible. What amount of bad debt expense will Splish record if Allowance for Doubtful Accounts has a debit balance of $3,700?
$__________



Jun 09, 2022
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