The balance of the allowance for doubtful accounts account at january 1 of the current year was $6,800 credit. during the year, accounts receivable in the amount of $9,000 were written off. estimated uncollectible accounts expense for the year amounts to $7,200. the balance of the allowance for doubtful accounts account to be reported on the balance sheet at year-end is

Question

Guest

Business

2 January, 14:31

The balance of the allowance for doubtful accounts account at january 1 of the current year was $6,800 credit. during the year, accounts receivable in the amount of $9,000 were written off. estimated uncollectible accounts expense for the year amounts to $7,200. the balance of the allowance for doubtful accounts account to be reported on the balance sheet at year-end is

+4

Answers (1)

Know the Answer?

Saniyah Bird · Answer 1

The balance of the Allowance for Doubtful Accounts account to be reported on the balance sheet at year-end is

Ending balance for Allowance for Doubtful Accounts = beginning balance for Allowance for Doubtful Accounts ($6,800 credit) - current year write-offs ($9,000 debit) + current year estimated Uncollectible Accounts Expense ($7,200 credit).