Use the information that follows taken from the unadjusted trial balance and aging schedule of Behrend Company on December 31, 2010 to answer problems 15. All sales are on account.
Accounts and related balances at December 31, 2010 before adjustment:
Aging Schedule of Accounts Receivable:
-If Behrend uses the aging schedule of accounts receivable to determine bad debts, determine the following:
A. Bad debts expense for the year ending December 31, 2010
B. Allowance for Doubtful Accounts balance at December 31, 2010
C. Net realizable value of accounts receivable on the 2010 financial statements
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