XYZ Company had a $4,000 credit balance in its allowance for bad debts at January 1, 2002.At
Question:
Based on the above information, XYZ Company reported bad debt expense of $8,200 for 2002.Calculate the amount of accounts receivable written off as uncollectible by XYZ Company during 2002.
Transcribed Image Text:
Accounts Receivable % Uncollectible Not past due 1-30 days past due $120,000 2% 40,000 5% 31-60 days past due 61-90 days past due Over 90 days past due 30,000 8% 10,000 15% 2,000 50%
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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