Business, 29.10.2019 23:31 catwomn

The credit manager of aef electricity has gathered the following information about the company's accounts receivable and credit losses during the current year: net credit sales for the year $ 8,000,000 accounts receivable at year-end 1,750,000 uncollectible accounts receivable: actually written off during the year $ 93,000 estimated portion of year-end receivables expected to prove uncollectible (per aging schedule) 84,000 177,000 uncollectible accounts expense is recognized by adjusting the balance in the allowance for doubtful accounts to the amount indicated in the year-end aging schedule. the balance in the allowance account at the beginning of the current year was $25,000. (consider the effect of the write-offs during the year on the balance in the allowance for doubtful accounts.) what is the amount of uncollectible accounts expense for the year?

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