Question
On December 31, 2018, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $49,000 and $1,100, respectively. During 2019, Coolwear wrote
On December 31, 2018, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $49,000 and $1,100, respectively. During 2019, Coolwear wrote off $625 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,600 at December 31, 2019. Bad debt expenses for 2019 would be:
A)$6,325.
B)$4,125.
C)$3,625.
D)$625.
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
