a-companys-allowance-for-doubtful-accounts-has-a-beginning-balance-of-2500-the-a

Question

A company’s allowance for doubtful accounts has a beginning balance of $$2,500. The aging schedule indicates an ending balance of 4$$,000. During the year, $1,200 of accounts were written off. What is the bad debt expense for the year?

Accepted Answer

$2,700

Answer

$1,500

Answer

$3,700

Answer

$2,200

A company’s allowance for doubtful accounts has a beginning balance of \$2,500. The aging schedule indicates an ending balance of \$4,000. During the year, \$1,200 of accounts were written off. What is the bad debt expense for the year?