Multiple Choice
The following information is related to December 31, 2016 balances. 
During 2017 sales on account were $390,000 and collections on account were $230,000. Also, during 2017 the company wrote off $22,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144,000. Bad debt expense for 2017 is:
A) $46,000.
B) $24,000.
C) $144,000.
D) $ 2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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