Accounts receivable written off during the year totaled $61,500 while the beginning and ending balance of Allowance for Doubtful Accounts were $51,300 and $55,700,respectively.The amount of uncollectible accounts expense for the period was:
A)$57,100
B)$65,900
C)$61,500
D)cannot be determined from the information given

Question

Quizplus · Accepted Answer

The uncollectible accounts expense can be calculated using the formula: Ending Allowance = Beginning Allowance + Bad Debt Expense - Write-offs. Plugging in the values: $55,700 = $51,300 + Bad Debt Expense - $61,500. Solving for Bad Debt Expense gives $65,900.

Accounts Receivable Written Off During the Year Totaled $61,500 While