Solved: What should the company record as bad debt expense, Finance Basics

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What should the company record as bad debt expense

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A company reports the following:

Allowance for doubtful accounts at 12/31/2003 $8,000
Credit sales during 2004 400,000
A/R written off during 2004 9,000

A review and aging of A/R in Jan 2005 has determined that an allowance for doubtful accounts of 9,500 is needed at December 31, 2004. What should the company record as bad debt expense for the period ended 12/31/2004?

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