Ray Mckinney

Business

29 January, 05:29

Mills Corporation's balance sheet included the following information: Accounts Receivable $510,000 Less: Allowance for Doubtful Accounts 66,000 Accounts Receivable, Net of Allowance $444,000 If the Allowance account had a credit balance of $28,000 immediately before the year-end adjustment for bad debts and no accounts were written-off or allowed for during the year, what was the amount of Bad Debt Expense recognized during the year