4 For the year ended December 31, 2021, Ford Corp. estimated its allowance for doubtful accounts using the year-end aging of accounts receivable. Additional information for calendar 2021 follows:   Allowance for doubtful accounts, beginning  $74,000 Estimated uncollectible accounts during 2020:   (1% of credit sales of $8,000,000)  80,000 Uncollectible accounts written off during year 104,000 Estimated uncollectible accounts per year-end aging 148,000 For the year ended December 31, 2021, Ford’s bad debt expense should be   Select one: a. $104,000. b. $252,000. c. $178,000. d. $74,000.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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For the year ended December 31, 2021, Ford Corp. estimated its allowance for doubtful accounts using the year-end aging of accounts receivable. Additional information for calendar 2021 follows:

 

Allowance for doubtful accounts, beginning  $74,000
Estimated uncollectible accounts during 2020:  
(1% of credit sales of $8,000,000)  80,000
Uncollectible accounts written off during year 104,000
Estimated uncollectible accounts per year-end aging 148,000

For the year ended December 31, 2021, Ford’s bad debt expense should be

 

Select one:
a. $104,000.
b. $252,000.
c. $178,000.
d. $74,000.
 
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