Net Accounts Receivable: Aging of Receivables Method Video Lessons

Concept

# Problem: J Company ended last year with balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,000 and$1,800, respectively. During the year, J Company wrote off $3,000 of Uncollectible Accounts. After aging its receivables, J Company estimates that the ending Allowance for Doubtful Accounts balance should be$3,200. What will J Company report as Uncollectible Accounts Expense on its income statement? a. $3,200 b.$4,400 c. $1,400 d.$3,000

###### Problem Details

J Company ended last year with balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,000 and$1,800, respectively. During the year, J Company wrote off $3,000 of Uncollectible Accounts. After aging its receivables, J Company estimates that the ending Allowance for Doubtful Accounts balance should be$3,200. What will J Company report as Uncollectible Accounts Expense on its income statement?

a. $3,200 b.$4,400

c. $1,400 d.$3,000