Question
On December 31, 2021, PS Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940, respectively. During 2022, PS Inc.
On December 31, 2021, PS Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940, respectively. During 2022, PS Inc. wrote off $820 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,240 at December 31, 2022. Bad debt expense for 2022 would be:
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
7th Edition
1634604105, 9781634604109
