Tinsel Co.'s balances in allowance for uncollectible accounts were $70,000 at the beginning of the current year and $55,000 at year end. During the year, receivables of $35,000 were written off as uncollectible. What amount should Tinsel report as uncollectible accounts expense at year end

$20,000

Explanation:

to determine the amount that Tinsel should report as bad debt expense (or uncollectible accounts expense), we must start with the beginning balance of allowance for doubtful accounts, and then we must subtract the account's ending balance and any bad debts write offs recorded during the year:

beginning account balance   $70,000

- ending account balance     ($50,000)

- write offs                              ($35,000)

total                                        ($20,000)

b

explanation:

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