Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances): - Accounts receivable $\quad\quad\quad \$ 1,492,000 $
- Allowance for doubtful accounts $ \quad\$ 28,400 $ Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
A) $89,520
B) $61,120
C) $59,416
D) $91,224

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The Answer of Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances): - Accounts receivable $\quad\quad\quad \$ 1,492,000 $
- Allowance for doubtful accounts $ \quad\$ 28,400 $ Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
A) $89,520
B) $61,120
C) $59,416
D) $91,224

Thompson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume $1,492,000\quad\quad\quad \$ 1,492,000 $1,492,000

Thompson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume $\quad\quad\quad \$ 1,492,000$