Music Corporation The data below is for Music Corporation for 2016. ...
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Accounting
Music Corporation The data below is for Music Corporation for 2016.
| Accounts receivableJanuary 1, 2016 | $236,000 |
| Credit sales during 2016 | 820,000 |
| Collections from credit customers during 2016 | 590,000 |
| Customer accounts written off as uncollectible during 2016 | 8,000 |
| Allowance for doubtful accountsJanuary 1, 2016 | 8,700 |
| Estimated uncollectible accounts based on an aging analysis | 9,600 |
Refer to the data for Music Corporation.
If the aging approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2016?
|
| a. | $8,000 |
|
| b. | $8,100 |
|
| c. | $8,700 |
|
| d. | $8,900 |
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