Trinitron Inc. had a balance of $32,000 in the Allowance for Doubtful Accounts and a balance of $650,000 in Accounts Receivable on the 1/1/18balance…

Trinitron Inc. had a balance of $32,000 in the Allowance for Doubtful Accounts and a balance of $650,000 in Accounts Receivable on the 1/1/18balance sheet. During 2018, the company wrote off $16,700 of accounts and recovered $6,200 on accounts that had been previously written off. The balance in Accounts Receivable was $730,000 at 12/31/18at which time the company estimates that 6% of accounts receivable will prove to be uncollectible. Trinitron would report ____ as the 2018Bad Debt Expense.

Estimated Allowance for doubt ful accounts needed at the end of year =Estimated Allowance for doubt ful accounts needed at the end of year =Balance in Allowance for doubt ful accounts before…

Order the answer to view it

Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount

Posted in Uncategorized