Profile Corporation The following data concern Profile Corporation for 2012. Accounts receivable--January 1, 2012 $ 250,000 Credit sales during 2012 1,000,000 Collections from credit customers during 2012 750,000 Allowance for bad debts--January 1, 2012 20,000 Estimated uncollected accounts based on an aging analysis 45,000 Refer to the information provided for Profile Corporation. If the aging
method is used to estimate bad debts, what amount should be recorded as bad debt expense for 2012?
A) $45,000
B) $20,000
C) $25,000
D) $15,000
C
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