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15 September, 15:29

Hall Co.'s allowance for uncollectible accounts had a credit balance of $24,000 at December 31, 20X1. During 20X2, Hall wrote off uncollectible accounts of $96,000. The aging of accounts receivable indicated that a $100,000 allowance for doubtful accounts was required at December 31, 20X2. What amount of uncollectible accounts expense should Hall report for 20X2

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  1. 15 September, 15:55
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    What amount of uncollectible accounts expense should Hall report for 20X2

    Expense 20x2 172000

    Explanation:

    Allowance for uncollectible 20X1 24000

    Writte off - 96000

    Expense - 72000

    Expense uncollective 72.000

    Allowance for uncollective 24000

    Account receivable 96000

    Allowance for uncollectible 20X2 100000

    Expense uncollective 100.000

    Allowance for uncollective 100.000

    Expense 20x2 172000
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