The following are partial balance sheets for Pedro Co, dated December 31:
$$\begin{array} { l l l }
&2016&2017\
\text { Accounts receivable } & \$ 55,000 & \$ 68,000 \
\text { Allowance for doubtful accounts } &\underline{ ( 5,000 ) }& \underline{( 11,000 )} \
\text { Net realizable value } & \underline{\$ 50,000 }& \underline{\$ 57,000 }\

\end{array}$$
During 2017, $4,000 of accounts receivable were written off as uncollectible. Calculate the amount of bad debt expense recognized on Pedro's 2017 income statement.

Question

The following are partial balance sheets for Pedro Co, dated December 31:
 $$\begin{array} { l l l } 
&2016&2017\
\text { Accounts receivable } & \$ 55,000 & \$ 68,000 \
\text { Allowance for doubtful accounts } &\underline{ ( 5,000 ) }& \underline{( 11,000 )} \
\text { Net realizable value } & \underline{\$ 50,000 }& \underline{\$ 57,000 }\

\end{array}$$ 
During 2017, $4,000 of accounts receivable were written off as uncollectible. Calculate the amount of bad debt expense recognized on Pedro's 2017 income statement.

Quizplus · Accepted Answer

The Answer of The following are partial balance sheets for Pedro Co, dated December 31:
 $$\begin{array} { l l l } 
&2016&2017\
\text { Accounts receivable } & \$ 55,000 & \$ 68,000 \
\text { Allowance for doubtful accounts } &\underline{ ( 5,000 ) }& \underline{( 11,000 )} \
\text { Net realizable value } & \underline{\$ 50,000 }& \underline{\$ 57,000 }\

\end{array}$$ 
During 2017, $4,000 of accounts receivable were written off as uncollectible. Calculate the amount of bad debt expense recognized on Pedro's 2017 income statement.

The Following Are Partial Balance Sheets for Pedro Co, Dated