Business, 24.10.2019 01:50 webbjalia04

Wave inn's first year of operations is 2011. during the year the company had net credit sales of $2,939,000, bad debt write-offs of $99,000 (debit balance in the allowance for doubtful accounts), and cash collections of $2,060,000. at december 31, 2011, the company estimates that the net realizable value of accounts receivable is $750,000. what is the amount of bad debt expense reported on wave inn's income statement for the year ended december 31, 2011?

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Wave inn's first year of operations is 2011. during the year the company had net credit sales of $2,...