Gray Tabby, Inc. provided the following aging of its receivables at December 31.
During the year, $25,024 of receivables were written off. The balance at the beginning of the year in the allowance account was $23,760.
A. How much will Gray Tabby report as uncollectible accounts expense for the year?
B. How much is the net realizable value of Gray Tabby's receivables at year end?

Question

Gray Tabby, Inc. provided the following aging of its receivables at December 31.
  During the year, $25,024 of receivables were written off. The balance at the beginning of the year in the allowance account was $23,760.
A. How much will Gray Tabby report as uncollectible accounts expense for the year?
B. How much is the net realizable value of Gray Tabby's receivables at year end?

Quizplus · Accepted Answer

The Answer of Gray Tabby, Inc. provided the following aging of its receivables at December 31.
  During the year, $25,024 of receivables were written off. The balance at the beginning of the year in the allowance account was $23,760.
A. How much will Gray Tabby report as uncollectible accounts expense for the year?
B. How much is the net realizable value of Gray Tabby's receivables at year end?