Solved: On december 31 2015 coolwear inc had balances in accounts, Accounting Basics

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On december 31 2015 coolwear inc had balances in accounts

On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $50,000 and $1,350, respectively. During 2016, Coolwear wrote off $625 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,700 at December 31, 2016. Bad debt expense for 2016 would be:

$6,675.

$3,475.

$625.

$3,975.

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Accounting Basics: On december 31 2015 coolwear inc had balances in accounts

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Accounting Basics: On december 31 2015 coolwear inc had balances in accounts

Reference No:- TGS01372727

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