Use the following information from financial statements of GTI Inc. 12/31/2009 12/31/2010 Accounts receivable, gross 100,000 110,000 Allowance for Uncollectible 500 (Cr.) 500 (Dr.) Advances from Customers 1500 500 Revenue (gross) earned during 2010 (assume all credit sales) 140,000 Bad debt expense in 2010 2,000 A. Compute the amount of accounts receivable written off by GTI Inc. in 2010 (18 points). *Setup the T-accounts like we did in the review session.

Use the following information from financial statements of GTI Inc. A. Compute the amount of accounts receivable written off by GTI Inc. in 2010 (18 points). *Setup the T-accounts like we did in the review session