During the year, Concord Corporation made an entry to write off a $32000 uncollectible account. Before this entry was made, the balance in accounts receivable was $392000 and the balance in the allowance account was $35500. The accounts receivable amount expected to be collected after the write-off entry was

$356500.

$392000.

$388500.

$324500.

The following information is available for Swifty Corporation:

	Allowance for doubtful accounts at December 31, 2019	$23000
	Credit sales during 2020	1110000
	Accounts receivable deemed worthless and written off during 2020	28900

As a result of a review and aging of accounts receivable in early January 2021, it has been determined that an allowance for doubtful accounts of $16700 is needed at December 31, 2020. What amount should Swifty record as "bad debt expense" for the year ended December 31, 2020?

$16700

$22600

$39700

$10800

Oriole Company has the following account balances at year-end:

	Accounts receivable	$88000
	Allowance for doubtful accounts	5200
	Sales discounts	3000

Oriole should report accounts receivable at a net amount of

$82800.

$85000.

$88000.

$79800.