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Business, 03.05.2021 23:30 CassidgTab

For the year ended December 31, 2020, Marigold Corp. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available: Allowance for uncollectible accounts, 1/1/20 $127000 Uncollectible accounts written off, 11/30/20 104000 Estimated uncollectible accounts per aging, 12/31/20 156000 After year-end adjustment, the bad debt expense for 2020 should be $89200. $133000. $104000. $156000.

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For the year ended December 31, 2020, Marigold Corp. estimated its allowance for uncollectible accou...
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