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24 August, 11:38

During the year, credit sales amounted to $800,000. cash collected on credit sales amounted to $760,000 and $18,000 has been written off. at the end of the year, company adjusted for bad debts expense using the aging method. the amount estimated as uncollectible was $25,000. the ending balance in bad debts expense would be:

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  1. 24 August, 11:43
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    Bad debt is defined as a debt that is no longer collectible and therefore worthless to the creditor. In this case, the uncollectible is $25,000 therefore the answer to this problem is:

    Ending balance in bad debts expense = $25,000
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