Winston Engineering Services had a balance of $8,600 in the Allowance for Uncollectible Accounts at the beginning of its 2012 fiscal year. The firm did not make any adjusting entries to record uncollectible accounts expense during the year. At the end of the year, the firm recorded $3,680 of Uncollectible Accounts Expense based upon the following aging analysis:
|
Age
|
Amount
|
% Uncollectible
|
|
0-30 days
|
$80,000
|
3%
|
|
31-60 days
|
$12,000
|
20%
|
|
over 60 days
|
$ 400
|
75%
|
What were total write-offs for the year?