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Anika [276]
3 years ago
7

On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $44,500 and

$1,800, respectively. During 2022, Coolwear wrote off $650 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,000 at December 31, 2022. Bad debt expense for 2022 would be:
Business
1 answer:
Readme [11.4K]3 years ago
6 0

Answer:

Bad debt expense for 2022 would be $3,850

Explanation:

Bad debt expenses are expenses incurred by a company as a result of debt owed to it by it's debtors.It therefore means that debtors are not able to pay back the money owed to the company.

Bad debt expense for Coolwear Inc would be =

Allowance for uncollectible accounts - (Uncollectible accounts balance - Accounts receivable written off)

= $5,000 - ( $1,800 - $650)

= $5000 - $1,150

= $3,850

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In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated deprecia
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Answer:

$73,000

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3 years ago
As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do y
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Answer and Explanation:

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7 0
3 years ago
Why is it a good idea to know the size of your vehicle’s engine?
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4 years ago
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This​ year, Druehl,​ Inc., will produce 57 comma 60057,600 hot water heaters at its plant in​ Delaware, in order to meet expecte
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Answer:

The number of laborers employed by the plant is 120 laborers

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Therefore, the number of laborers employed by the plant is 120 laborers

5 0
3 years ago
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