Uncollectible accounts expense problem


Ace Co. prepared an aging of its accounts receivable at December 31, 2012 and determined that the net realizable value of the receivables was $600,000. Additional information is available as follows:

Allowance for uncollectible accounts at 1/1/12-credit balance $68,000
Accounts written off as uncollectible during 2012 46,000
Accounts receivable at 12/31/12 650,000
Uncollectible accounts recovered during 2012 10,000

For the year ended December 31, 2012, Ace's uncollectible accounts expense would be:

A) $32,000.

B) $46,000.

C) $50,000.

D) $18,000.

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Accounting Basics: Uncollectible accounts expense problem
Reference No:- TGS069740

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