Vaughn Manufacturing has outstanding accounts receivable totaling $ 6.47 million as of December 31 and sales on credit during the year of $ 24.5 million. There is also a credit balance of $ 11500 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year? O $388200. O $399700. O $ 376700. O $1470000. Save for Later Attempts: 0 of 1 used Submit Answer
Vaughn Manufacturing has outstanding accounts receivable totaling $ 6.47 million as of December 31 and sales on credit during the year of $ 24.5 million. There is also a credit balance of $ 11500 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year? O $388200. O $399700. O $ 376700. O $1470000. Save for Later Attempts: 0 of 1 used Submit Answer
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 8MC: Conner Pride reports year-end credit sales in the amount of $567,000 and accounts receivable of...
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Vaughn Manufacturing has outstanding accounts receivable totaling $ 6.47 million as of December 31 and sales on credit during the
year of $ 24.5 million. There is also a credit balance of $ 11500 in the allowance for doubtful accounts. If the company estimates that
6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?
O $388200.
O $ 399700.
O $ 376700.
O $1470000.
Save for Later
Attempts: 0 of 1 used
Submit Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0506d55b-bb84-43f9-9218-6fc41e3ed9b6%2Fe2d70d13-e4b5-47e2-851f-f48d7a8dd9bb%2Flzscbr_processed.jpeg&w=3840&q=75)
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Current Attempt in Progress
Vaughn Manufacturing has outstanding accounts receivable totaling $ 6.47 million as of December 31 and sales on credit during the
year of $ 24.5 million. There is also a credit balance of $ 11500 in the allowance for doubtful accounts. If the company estimates that
6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?
O $388200.
O $ 399700.
O $ 376700.
O $1470000.
Save for Later
Attempts: 0 of 1 used
Submit Answer
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