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...

A company's year-end balance in accounts receivable is $2,000,000. The allowance for uncollectible accounts had a beginning-of-year

Question:

A company's year-end balance in is $2,000,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $30,000. An aging of 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?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...