Solution-What was the amount of bad debts written off

What was the amount of bad debts written off

Reference no: EM131001477

1. A company's year-end balance in accounts receivable is $2,000,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $30,000. An aging of accounts receivable at the end of the year indicates a required allowance of $38,000. If bad debt expense for the year was $40,000, what was the amount of bad debts written off during the year?

Reference no: EM131001477

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What was the amount of bad debts written off

Reference no: EM131001477

Reference no: EM131001477

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