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5. If accounts receivable have a balance of $6,010,342, sales are $7,042,913, allowance for doubtful...

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Accounting

5. If accounts receivable have a balance of $6,010,342, sales are $7,042,913, allowance for doubtful accounts has a credit balance of $211,287. If the company uses a rate of 2.45% of net sales to calculate the bad debt expense, what is the expense?

a. $145,463

b. $147,253

c. $170,761

d. $172,551

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