Cash collections from credit customers

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Reference no: EM131211356

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000. During the year, Dinty wrote off $32,000 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,200,000, and cash collections from credit customers totaled $1,950,000. What bad debt expense would Dinty report in its first-year income statement? $50,000. $82,000. $114,000. Can't be determined from the given information

Reference no: EM131211356

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