In: Accounting
The CHS Company has provided the following information:
How much was CHS Company's bad debt expense?
CHS Company's bad debt expense = $ 12,300
Explanation
Ending allowance for doubtful accounts = Beginning allowance for doubtful accounts - Accounts receivable write-offs
+ Bad debt expense
$14,800 = $15,900 - $13,400 + Bad debt expense
$14,800 = $2,500 + Bad debt expense
Therefore, Bad debt expense = $14,800 - $2,500
= $ 12,300