Paxton's aging schedule of its accounts receivable on December 31 follows:
The balance in Paxton's allowance for doubtful accounts immediately prior to December 31 adjusting entries is $700 credit. Determine bad debts expense and the net realizable value of the December 31 accounts receivable.

Question

Paxton's aging schedule of its accounts receivable on December 31 follows:
  The balance in Paxton's allowance for doubtful accounts immediately prior to December 31 adjusting entries is $700 credit. Determine bad debts expense and the net realizable value of the December 31 accounts receivable.

Quizplus · Accepted Answer

The Answer of Paxton's aging schedule of its accounts receivable on December 31 follows:
  The balance in Paxton's allowance for doubtful accounts immediately prior to December 31 adjusting entries is $700 credit. Determine bad debts expense and the net realizable value of the December 31 accounts receivable.

Paxton's Aging Schedule of Its Accounts Receivable on December 31