Monday, August 19, 2013

Thunder Inc uses the aging method and estimates it will not collect 7 % of accounts receivable not yet due,13% of receivables less than 30 days past due, and 43 % of receivables greater than 30 days past due

Thunder Inc uses the aging method and estimates it will not collect 7 % of accounts receivable not yet due,13% of receivables less than 30 days past due, and 43 % of receivables greater than 30 days past due.The accounts recivable balance of $8,100 consists of $5,000 not yet due, $900 less than 30 days past due and $2,200 greater than 30 days past due. What is the appropriate amount of Bad Debt expense?


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