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A company uses gross method for accounting for cash discounts and began the period with $ 1 0 0 balance in its acocunts receivable account
A company uses gross method for accounting for cash discounts and began the period with $ balance in its acocunts receivable account and $ credit balance in its allowance for doubtful accounts. During the period, the company made sales on account for $ It collected $ cash from outstanding accounts and recorded $ of sales discounts in the collection. During the period, the company wrote off $ of accounts that it considered uncollectible. The company also reinstated $ of accounts from a prior period but it did not collect cash during the current period
Calculate the balance of allowance for doubtful accounts after recording the transactions during the period.
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