Accounting help please?

Given information for Tamarisk Corporation:

Beginning accounts receivable: $161,000

Beginning allowance for doubtful accounts: 11,300

Net credit sales: 942,000

Collections: 912,000

Write-offs of accounts receivable: 5,200

Collections of accounts previously written off: 2,200

***Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable

Calculate the:

1. Unadjusted balance in Allowance for Doubtful Accounts

2. Bad Debt Expense for the period

Any help/guidance is greatly appreciated! Thanks

1 Answer

Relevance
  • Don G
    Lv 7
    4 weeks ago
    Best Answer

    Allowance for Doubtful Acts - BB 11,300 - 5,200 + 2,200 = 8,300 + 6,564 = 14,864

    A/R -

    BB 161,000 + 942,000 - 912,000 - 5,200 = 185,800 @ 8% = 14,864

    1) 8,300 2) 6,564

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