Question
Accounts receivable net realizable value for Castle Company. increased from $380,000 to $430,000 from January 1, 2018 to December 31, 2018. Also, you collected the
Accounts receivable net realizable value for Castle Company. increased from $380,000 to $430,000 from January 1, 2018 to December 31, 2018. Also, you collected the following information: Accounts receivable, 12/31/17 $533,000 Accounts receivable, 12/31/18 $622,000 Accounts written off as uncollectible $21,000 Recovered accounts, that were previously written off $6,000 What are the balances for allowance for doubtful accounts at the beginning and end of the period
A. $380,000 and $430,000
B. $153,000 and $192,000
C. $33,000 and $22,000
D. Could not be determined
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started