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The Allowance for Bad Debts account had a balance of $7,000 at the beginning of the year and $9,500 at the end of the year. During the year (including the year-end adjustment), bad debts expense of $12,800 was recognized.

Required:
Calculate the total amount of past-due accounts receivable that were written off as uncollectible during the year.

Respuesta :

Tundexi

Answer:

$10,300

Explanation:

The allowance for bad debts account reports that an estimated amount of the account is going to be uncollectible. The write-offs decrease the balance if account received by the amount that is going to be uncollectible.

Write-offs = Beginning allowance + Bad debt - Ending allowance

Write-offs= $7,000 + $12,800 - $9,500

Write-offs= $10,300

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