Solved: As a result of a review and aging of accounts receivable, Accounting Basics

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As a result of a review and aging of accounts receivable

Question - The following information is available for Thomas Company:

Credit sales during 2010 $50,000

Allowance for Doubtful Account, Dec. 31, 2009 $ 1,800

Accounts receivable written of during 2010 $ 1,900

As a result of a review and aging of accounts receivable, it has been determined that the Allowance for Doubtful Accounts should show a balance of $2,100 at December 31,2010. What amount should Thomas record as bad debt expense for the year ended December 31, 2010?

a. $2,200

b. $1,900

c. $2,100

d. $2,000

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