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Required information [The following information applies to the questions displayed below.) The following is a portion of the current asset section of the balance
Required information [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 $7,500 and $1,100, respectively 12/31/20 12/31/19 $154,000 $123,800 Required: b. If bad debts expense for 2020 totaled $10,800, 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.) Accounts receivable written off ences 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).) Ratio for 2019 Ratio for 2020
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