Pauline Company estimates the allowance for doubtful accounts by aging its accounts receivable.At the end of 2018,the balance in the allowance account was $50,000.During 2019,the company wrote off $5,000 and collected a $3,000 receivable that had been previously written off as uncollectable.At the end of 2019,the aging schedule indicated that the balance of the allowance for doubtful accounts should be $64,000.What is the bad debt expense for 2019?

Question

Quizplus · Accepted Answer

A)64,000 - (50,000 - 5,000)- 3,000 = 16,000

Pauline Company Estimates the Allowance for Doubtful Accounts by Aging