Business, 05.10.2019 00:10, jkw1222p0ttvq

Smc had a 1/1/14 balance in the allowance for doubtful accounts of $20,000. during 2014, it wrote off $14,400 of accounts and collected $4,200 on accounts previously written off. the balance in accounts receivable was $400,000 at 1/1 and $480,000 at 12/31. at 12/31/14, smc estimates that 5% of accounts receivable will prove to be uncollectible. what is bad debt expense for 2014? a. $4,000.b. $14,200.c. $18,400.d. $24,000.

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Smc had a 1/1/14 balance in the allowance for doubtful accounts of $20,000. during 2014, it wrote of...