During 2019, increased its allowance for uncollectible accounts by $30,000; actual bad debts written off in...
During 2019, increased its allowance for uncollectible accounts by $30,000; actual bad debts written off in 2019 were $36,000. determine the adjustment amount to reconcile book income to taxable income
Homework Answers
Adjustment amount to reconcile book income to taxable income = actual bad debts written off in 2019 - allowance for uncollectible accounts
= 36000 - 30000
= $6000
$6000 will be deducted from taxable income.
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During 2019, increased its allowance for uncollectible accounts
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