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A company's year-end balance in accounts receivable is $2,900,000. The allowance for uncollectible accounts had a beginning-of- year credit balance of $45,000. An aging of
A company's year-end balance in accounts receivable is $2,900,000. The allowance for uncollectible accounts had a beginning-of- year credit balance of $45,000. An aging of accounts receivable at the end of the year indicates a required allowance of $53,000. If bad debt expense for the year was $55,000, what was the amount of bad debts written off during the year? Bad debts written off
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