Business, 26.10.2020 17:00, krystalhurst97

Sheridan Company has outstanding accounts receivable totaling $6.57 million as of December 31 and sales on credit during the year of $22.4 million. There is also a credit balance of $11000 in the allowance for doubtful accounts. If the company estimates that 7% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?

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Sheridan Company has outstanding accounts receivable totaling $6.57 million as of December 31 and sa...