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

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Business

Summer Combs

11 May, 22:19

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

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Kelvin Miles · Answer 1

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