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Find what amount of allowance for doubtful accounts appear

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Question - Copper Company had a January 1, current year, balance in Allowance for 1 point Doubtful Accounts of $7,000 credit. The following events required journal entries during the current year: Apr. 15 Gida Good's account receivable of $2,700 was deemed uncollectible. July 1 Christopher Claw paid the full amount of his previously written-off account receivable. The receivable of $4,300 had been written off last year. Dec. 31 Bad debt expense was estimated to be 2.0% of credit sales for the year, which were $1,375,000. Find what amount of allowance for doubtful accounts should appear in the December 31, current year, balance sheet?

Reference no: EM132599087

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