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Calculate the amount of accounts receivable

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Question - XYZ Company had a $4,000 credit balance in its allowance for bad debts at January 1, 2013.

At December 31, 2013, XYZ Company prepared the following aging schedule:

 

Accounts Receivable

% Uncollectible

not past due

$120,000

2%

1-30 days past due

40,000

5%

31-60 days past due

30,000

8%

61-90 days past due

10,000

15%

over 90 days past due

2,000

50%

Based on the above information, XYZ Company reported bad debt expense of $8,200 for 2013.

Calculate the amount of accounts receivable written off as uncollectible by XYZ Company during 2013. Do not use decimals in your answer.

Reference no: EM132052527

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