Information on Hohenberger Company for 2017 follows: Total credit sales………………………………………………………………………..$1000000 Accounts receivable at December 31……………………………………………………..400000 Uncollectible accounts written off…………………………………………………………17500 Amount collected on accounts previously written off (after write off but before year end) 2500 Instructions (a) Assume that Hohenberger Company decides to estimate its uncollectible accounts using the allowance method and an aging schedule. Uncollectible accounts are estimated to be $24,000. What amount of bad debt expense will Hohenberger Company record if Allowance for Doubtful Accounts had an opening balance of $20,000 on January 1, 2017? (b) Assume that Hohenberger Company decides to estimate its uncollectible accounts using the allowance method and estimates its bad debt expense at 2.25% of credit sales. What amount of bad debt expense will Hohenberger Company record if Allowance for Doubtful Accounts had an opening balance of $20,000 on January 1, 2017? (c) Assume the same facts as in part (a) except that the Allowance for Doubtful Accounts had a $12,000 balance on January 1, 2017. What amount of bad debt expense will Hohenberger record on December 31, 2017? (d) How does the amount of accounts written off during the period affect the amount of bad debt expense recorded at the end of the

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