Refer to atlantis tropicals if the aging approach is used


Atlantis Tropicals
The following information was taken from the company's records at the end of 2012.

Credit Sales

$1,000,000

Sales returns and allowances

80,000

Accounts Receivable--December 31, 2012

255,000

Allowance for Doubtful Accounts--December 31, 2012

 

(Before adjustment for bad debts)

23,000

Estimated uncollected accounts

 

(per aging schedule at December 31, 2012)

35,000

 

 

Refer to Atlantis Tropicals. If the aging approach is used to estimate bad debts, how much bad debts expense will the company report for 2012?

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Financial Accounting: Refer to atlantis tropicals if the aging approach is used
Reference No:- TGS01216943

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