Question

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

Answer 1

Answer:

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