On its recent financial statements, Variety Technology reported the following information about net sales revenue and accounts receivable:

Question

Question

On its recent financial statements, Variety Technology reported the following information about net sales revenue and accounts receivable:

According to its Form 10-K, Variety Technology recorded bad debt expense of $127 and there were no bad debt recoveries during the current year.

What amount of bad debts was written off during the current year?

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Answer 1

Answer #1

To compute for the amount of receivables written off, please follow the below formula.

Write Off = Beginning Allowance + Bad Debts Expense - Ending Allowance

269 + 127 - 314 = $82

answered by: Eunise Tumambing

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Answer 2

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