Acme Co. prepared an aging of its accounts receivable at December 31, 2025 and determined that the
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Question:
Acme Co. prepared an aging of its accounts receivable at December 31, 2025 and determined that the amount expected to be collected was $900,000. Additional information is available as follows:
Allowance for uncollectible accounts at 1/1/25-credit balance. $102,000
Accounts written off as uncollectible during 2025 69,000
Accounts receivable at 12/31/25. 990,000
Uncollectible accounts recovered during 2025. 15,000
For the year ended December 31, 2025, Ace's bad debt expense would be ?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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