On december 31, 2015, cool wear inc. had balances in accounts receivable and allowance for uncollectible accounts of $41,000 and

Question

3 years ago

11

On december 31, 2015, cool wear inc. had balances in accounts receivable and allowance for uncollectible accounts of $41,000 and

$2,050, respectively. during 2019, coolwear write off $750 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $6,000 at december 31, 2019. bad debt expense for 2019 would be:

Business

1 answer:

Wewaii [24] · Answer 1 · 2022-07-20T19:42:13+03:00

Wewaii [24]3 years ago

6 0

$6,000.00 - ($2,050.00 - $750.00) =

$6,000.00 - $1,300.00 = $4,700.00

Bad debt expense for 2019 would be: $4,700.00