Multiple Choice
The following information is related to December 31, 2013 balances. 
During 2014 sales on account were $580,000 and collections on account were $344,000. Also during 2014 the company wrote off $32,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $216,000. Bad debt expense for 2014 is
A) $ 68,000.
B) $ 36,000.
C) $216,000.
D) $ 4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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