1. Bert had accounts receivable of $370,000 and an allowance for doubtful accounts of $13,200 just...
1. Bert had accounts receivable of $370,000 and an allowance for doubtful accounts of $13,200 just before writing off as worthless an account receivable from Ernie Company of $2,900. After writing off this receivable what would be the balance in Bert's Allowance for Doubtful Accounts?
Multiple Choice
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$13,200 credit balance.
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$10,300 debit balance.
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$16,100 credit balance.
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$10,300 credit balance.
Homework Answers
The balance in allowance for doubtful debts = $13,200 - $2,900
= $10,300
The answer is $10,300 credit balance.
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