Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 6% of receivables
$\begin{array}{lr}
\text { Accounts receivable balance } & \$ 85,000 \
\text { Allowance for bad debts, balance (debit) } & \$ 240 \
\text { Net Sales } & \$ 750,000\\$
\end{array}$

Question

Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 6% of receivables
 $\begin{array}{lr}
\text { Accounts receivable balance } & \$ 85,000 \
\text { Allowance for bad debts, balance (debit) } & \$ 240 \
\text { Net Sales } & \$ 750,000\\$
\end{array}$

Quizplus · Accepted Answer

The Answer of Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 6% of receivables
 $\begin{array}{lr}
\text { Accounts receivable balance } & \$ 85,000 \
\text { Allowance for bad debts, balance (debit) } & \$ 240 \
\text { Net Sales } & \$ 750,000\\$
\end{array}$

Determine the Amount of the Adjustment for Bad Debts Given