Odonnel Inc. had the following account balances for Year4 and Year3. 12/31/Year4 12/31/Year3 Accounts receivable (balance in the account, not net) 82,400 65,700 Allowance for doubtful accounts (normal, credit, negative asset balance) 5,870 3,460 Bad debt expense 10,200 9,300 There were no recoveries of previously written-off accounts during Year4. What were Odonnel's write-offs during Year4? How much of the Accounts receivable at the end of Year4 does Odonnel expect to collect? Do not use any punctuation ($, commas, periods, etc.) Hint: This is a smaller version of an OWL problem. I suggest you set up beginning balances for Year4 in the equation. Record what you know happened in Year4-- and then you can compute what write-offs must gave been in Year4.

Answer rating: 100% (QA)

Accounts Written off during Year 4 Beginning Allowa... View the full answer