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At the beginning of the year accounts receivable were$144,000 and the allowance for bad debts was $11.500 During the year sales (all on account) were
At the beginning of the year accounts receivable were$144,000 and the allowance for bad debts was $11.500 During the year sales (all on account) were $600,000 cash collections were $580,0000,bad debt expense totaled $14,200,and $12,000 of account receivable were written off as bad debts. Calculate the balance at the end of the year for the account receivable and allowance for bed Debts accounts.
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