What would be ace''s uncollectible accounts expense


Ace Co. prepared an aging of its accounts receivable at December 31, 2010 and determined that the net realizable value of the receivables was $450,000. Additional information is available as follows:


Allowance for uncollectible accounts at 1/1/10-credit balance $ 38,000
Accounts written off as uncollectible during 2010 44,000
Accounts receivable at 12/31/10 530,000
Uncollectible accounts recovered during 2010 15,000


For the year ended December 31, 2010, what would be Ace's uncollectible accounts expense?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What would be ace''s uncollectible accounts expense
Reference No:- TGS098977

Expected delivery within 24 Hours