Coronado Industries had a 1/1/17 balance in the Allowance for Doubtful Accounts of $32500. During 2017, it wrote off $21700 of accounts and collected $6150 on accounts previously written off. The balance in Accounts Receivable was $620000 at 1/1 and $730000 at 12/31. At 12/31/17, Smithson estimates that 7% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2017

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

d. all of the above are true.

answer the amount a seller is paid minus the cost of production;

answertrue;