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What is the balance in bad debt expense account at year end

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Question - A business has the following balances at the beginning of the year:

Accounts receivable: 182500

Allowance for doubtful accounts: -28125

The following summary transactions occurred during the year.

Sales for the year, 100% on credit: 355000

Cash collected on accounts receivable for the year: 352600

Write-offs of uncollectable accounts receivable: 22500

Received a cheque from a customer whose account was previously written off: 2250

Overall rate used to estimate the allowance for doubtful accounts at year end: 16%

What is the balance in the accounts receivable account at year end?

What is the balance in the allowance for doubtful accounts at year end?

What is the balance in the bad debt expense account at year end?

Reference no: EM133145671

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