Unformatted text preview: B. At year end, Demato company has accounts receivable for $25,700.The allowance for uncollectible accounts has of negative balance prior to adjustment of $400, which indicated that the company wrote off more bad debts than it had estimated. An aging schedule prepared on 12/31/09 indicates that $2,300 of Demato’s accounts receivable is uncollectible. Net credit sales were $240,000 for the year. What is 1) the bad debt expense for the year? And 2) what is the balance in the allowance for uncollectible account at year end?...
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This note was uploaded on 09/08/2011 for the course ACCOUNTING 101 taught by Professor Bayne during the Winter '10 term at Berkeley.
- Winter '10