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Calculate the ratio of allowance for uncollectible accounts

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Reference no: EM133151529

Question - The following is a portion of the current asset section of the balance sheets of HiROE Co., at December 31, 2020 and 2019:

Accounts receivable, less allowance for uncollectible accounts of $23,000 and $11,000, respectively

Required -

a. If bad debts expense for 2020 totaled $19,000, what was the amount of accounts receivable written off during the year?

b. Calculate the ratio of the Allowance for Uncollectible Accounts balance to the Accounts Receivable balance at December 31, 2020 and 2019.

Reference no: EM133151529

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