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Compute the ending balance in kullerud allowance

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Reference no: EM13512020

At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance for doubtful accounts of $6,307. During the year Kullerud made credit sales of $890,000, collected receivables in the amount of $812,000, wrote off receivables in the amount of $31,425, and recorded bad debt expense of $33,750.

Required:

Compute the ending balance in Kullerud's allowance for doubtful accounts.

 

Reference no: EM13512020

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