Question
Required information Skip to question [The following information applies to the questions displayed below.] The following is a portion of the current asset section of
Required information
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[The following information applies to the questions displayed below.] The following is a portion of the current asset section of the balance sheets of HiROE Co., at December 31, 2020 and 2019:
Accounts receivable, less allowance for uncollectible accounts of $23,000 and $11,000, respectively | ||
Required: b. If bad debts expense for 2020 totaled $19,000, what was the amount of accounts receivable written off during the year? (Hint: Use the T-account model of the Allowance account, plug in the three amounts that you know, and solve for the unknown.)
Account receivable written off -----
e-1. Calculate the ratio of the Allowance for Uncollectible Accounts balance to the Accounts Receivable balance at December 31, 2020 and 2019. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 3.2).)
What is ratio for 2019
what is ratio 2020
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