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An analysis of an entity's $150,000 accounts receivable at year end resulted in a $5,000 ending...

An analysis of an entity's $150,000 accounts receivable at year end resulted in a $5,000 ending balance for its allowance for uncollectible accounts and a bad debt expense of $2,000. During the past year, recoveries on bad debts previously written off were correctly recorded at $500. If the beginning balance in the allowance for uncollectible accounts was $4,700, what was the amount of accounts receivable written off as uncollectible during the year?

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Answer #1

Amount of Accounts Receivable Written off during the year:

Opening allowance - bad debts recovered + closing allowance = 4700 -500 +5000 = $ 9200

Amount of accountes receivable at the year end = $ 9200

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