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Based on your reading and understanding of the allowance for bad debts and bad debt...

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Accounting

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Based on your reading and understanding of the allowance for bad debts and bad debt expense in Chapter 8, how would you connect what you interpret what you are reading in the articles, below? You may read one, two, or all - however many you need to craft your post. Feel free to add more if you find them. Your initial post is due on Monday at 11:55 pm and two student replies are due on Wednesday at 11:55 pm: Cash Crunch at Retailers Stings Suppliers During Pandemic; Nike, Columbia Sportswear and Samsonite take higher bad-debt charges as retailers struggle to pay for goods. The Deck Is Stacked Against Card Lenders; More stimulus would ease credit fears for banks like Capital One. But without a bouncier economy, people may not want to spend. Banks Can Only Guess at Virus Fallout --- JPMorgan and Wells Fargo set aside billions of dollars to cope with the pandemic's effects, but that may be far from enough. Verizon's Wireless Business Slowed by Coronavirus; Carrier posts decline in phone connections and sets aside $228 million to cover bad debt from consumers skipping bills

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