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What amount should appear in the allowance for doubtful

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"Timmons Company had a January 1, balance in its Allowance for Doubtful Accounts of $7,000 for the current year. The following transactions and events affected the Allowance for Doubtful Accounts during the current year:

Apr 15 Bard's account receivable of $5700 was deemed uncollectible.

July 1 Drake paid the full amount of a previously written-off account receivable. This receivable of $2300 had been written off in the prior year.

Dec 31. Bad debts expense of $7500 was recorded.

What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year?

Reference no: EM132315799

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