The following information is available for Bonita Industries: Allowance for doubtful accounts at December 31,...
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Accounting
The following information is available for Bonita Industries: Allowance for doubtful accounts at December 31, 2016 $23500 Credit sales during 2017 1280000 Accounts receivable deemed worthless and written off during 2017 28900 As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $16700 is needed at December 31, 2017. What amount should Bonita record as "bad debt expense" for the year ended December 31, 2017? $16700 $22100 $40200 $11300
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