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Calculate total amount of accounts receivable written off

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Hogan Industries uses an estimate of 6% of outstanding receivables for the purposes of providing for uncollectible accounts. The following information pertains to the allowance for doubtful accounts for 2011:

Beginning balance, Jan. 1/11 $20,000

Total debits during the year 8,000

Ending balance, after providing for uncollectible accounts $22,000

Required: (Use T account to assist with answers)

Question a) Calculate the bad debt expense for 2011

Question b) Calculate the accounts receivable balance on Dec. 31/10

Question c) Calculate the total amount of accounts receivable written off in 2011

Question d) Calculate the accounts receivable balance on Dec. 31/11

Reference no: EM132606976

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