AB 116 WEEK 2 Information related to Mingenback Company for 2014 is summarized below
Total credit sales $2,412,000
Accounts receivable at December 31 861,000
Bad debts written off 31,200
What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts?
Assume that Mingenback Company estimates its bad debt expense to be 2% of credit sales. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $4,200?
Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,200?
Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts debit balance of $3,200
USA 
India