During 2016, Blueberry, Inc

question 45

Multiple Choice

During 2016, Blueberry, Inc. recovered and collected $4,200 from an account that had been written off for over a year. At the end 2016, prior to the adjusting entry for bad debt expense, Blueberry, Inc.'s balances for Accounts Receivable and Allowances for Doubtful Accounts were $750,000 debit) and $5,500 credit) , respectively. After the bad debt expense entry was posted, the net realizable value of accounts receivable was $675,000. Bad debt expense for the 2016 was

• A) $69,500
• B) $73,200
• C) $79,200
• D) $80,500

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