The Red Raider Co. provides services for both cash and on account. The accounts are...
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Accounting
The Red Raider Co. provides services for both cash and on account. The accounts are adjusted monthly. For September, the following information is available: Accounts Receivable on September 1 st is $31,200 Allowance for Doubtful Accounts on Seplember 1st is $4,400. Services provided during September for cash $41,000. Services provided during September on account \$57,000. During the month collections on account were $50,200 and accounts written off as bad debts were $3,000. At year-end, the company ages its receivables to the following aging schedule: What amount will Red Raider report as Bad Debt Expense on the Income Statement
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