Here is information related to Bramble Company for 2022.
Total credit sales $1,572,000
Accounts receivable at December 31 829,000
Bad debts written off 32,300
(a) What amount of bad debt expense will Bramble Company report if it uses the direct write-off method of accounting for bad debts?
$ enter the amount of bad debt from direct write-off method in dollars
(b) Assume that Bramble Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 5% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a credit balance of $3,300?
$ enter the amount of bad debt from percentage-of-receivables in dollars
(c) Assume that Bramble Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 5% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a debit balance of $1,000?
$ enter the amount of bad debt from percentage-of-receivables in dollars