Allowance for Doubtful Accounts had a beginning and ending balance of $3,500 and $4,600,respectively.If uncollectible accounts expense was $9,500 for the period,the total dollar amount of accounts written off during the period was:
A)$13,000
B)$8,400
C)$10,600
D)$ 9,500

Question

Quizplus · Accepted Answer

The total dollar amount of accounts written off during the period is found by adjusting the Allowance for Doubtful Accounts for the uncollectible accounts expense and the ending balance. The calculation is: Beginning balance + Uncollectible accounts expense - Write-offs = Ending balance. Solving for write-offs gives: $3,500 + $9,500 - Write-offs = $4,600. Write-offs = $8,400.

Allowance for Doubtful Accounts Had a Beginning and Ending Balance