Information related to Mingenback Company for 2015 is summarized below.Total credit sales$2,521,000Accounts receivable at December 31 905,000Bad debts written off31,300(a)What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts?$ ___________________(b)Assume that Mingenback Company estimates its bad debt expense to be 3% of credit sales. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $4,100?$_________________(c)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 $3,000?$______________?(d)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 $3,000? $ _______________
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