Net Accounts Receivable: Allowance for Doubtful Accounts Video Lessons

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Problem: On December 31, 2002, Typical Fashions had balances in its Accounts receivable and Allowance for uncollectible accounts of $48,400 and $940, respectively. During 2003, Typical Fashions wrote off $820 in Accounts receivable and determined that there should be an Allowance for uncollectible accounts of $1,140 at December 31, 2003. Bad debt expense for 2003 would be: a. $   320. b. $1,140. c. $   820. d. $1,020. 

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Problem Details

On December 31, 2002, Typical Fashions had balances in its Accounts receivable and Allowance for uncollectible accounts of $48,400 and $940, respectively. During 2003, Typical Fashions wrote off $820 in Accounts receivable and determined that there should be an Allowance for uncollectible accounts of $1,140 at December 31, 2003. Bad debt expense for 2003 would be:

a. $   320.

b. $1,140.

c. $   820.

d. $1,020. 

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