Papa Bear Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Accounts Receivable $1,119,000 Allowances for Doubtful Accounts $ 21,300 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debts expense will the company record?

Papa Bear Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Accounts Receivable $1,119,000 Allowances for Doubtful Accounts $ 21,300 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debts expense will the company record?

Papa Bear Corporation's unadjusted trial balance includes the following balances (assume normal balances)
:
Accounts Receivable $1,119,000
Allowances for Doubtful Accounts $ 21,300
Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debts expense will the company record?







a. $67,140
b. $45,840
c. $44,562
d. $68,418







Answer: B