Bolt Corporation The following data concern Bolt Corporation for 2012. Accounts receivable--January 1, 2012 $455,000 Credit sales during 2012 900,000 Collections from credit customers during 2012 825,000 Allowance for bad debts before adjustment for the year 2,100 Estimated uncollected accounts based on an aging analysis 29,200 Refer to the information provided for Bolt Corporation. If the aging
approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2012?
A) $ 2,100
B) $27,100
C) $29,200
D) $31,300
B
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