Becky had net credit sales in 2020 of $2,000,000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1,700,000 debit, and allowance for doubtful accounts $2,200 credit. Becky estimates that 8% of its credit sales will prove to be uncollectible.
What is the ending balance in the bad debt expense reported on December 31, 2020?
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Home » Business » Becky had net credit sales in 2020 of $2,000,000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1,700,000 debit, and allowance for doubtful accounts $2,200 credit.