|Beginning accounts receivable||155,000|
|Beginning allowance for doubtful accounts||5,430|
|Collections on account||1,777,000|
|Accounts written off||9,720|
|Collections of accounts previously written off||3,300|
|Current balance of bad debt expense||0|
|Uncollectible accounts as a percentage of receivables||3%|
The accountant for Company A generated the above information. Using the balance sheet approach, what is the ending balance of bad debt expense for the year?
Get Answers For Free
Most questions answered within 1 hours.