Using the following information: During 2011, sales on account were €290,000 and collections on account were €172,000.Also during 2011, the company wrote off €16,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at €108,000. Bad debts expense for 2011 is

Question

Using the following information:  During 2011, sales on account were €290,000 and collections on account were €172,000.Also during 2011, the company wrote off €16,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at €108,000. Bad debts expense for 2011 is

Quizplus · Accepted Answer

The Answer of Using the following information:  During 2011, sales on account were €290,000 and collections on account were €172,000.Also during 2011, the company wrote off €16,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at €108,000. Bad debts expense for 2011 is

Using the Following Information: During 2011, Sales on Account