The Allowance for bad debt account had a balance of $19,200 at the beginning of the...
The Allowance for bad debt account had a balance of $19,200 at the beginning of the year and $24,400at the end of the year. During the year (including the year end adjustment), bad debts expense of $36,000 was recognized. Calculate the total amount of past due accounts receivable that were written off as uncollectible during the year. (hint: make a T-Account for the allowance for bad debts account, plug in the amounts that you know, and solve for the missing amount.)
Homework Answers
| Allowance for bad debts | |||
| written off | 30800 | opening | 19200 |
| adjustment | 36000 | ||
| ending | 24400 | ||
| Bad debts written off = $30800 | |||
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The Allowance for bad debt account had a balance of $19,200 at
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