Robb Corporation uses the allowance method of accounting for uncollectible accounts. During 2011, Robb had charged $80,000 to Bad Debt Expense, and wrote off accounts receivable of $90,000 as uncollectible. What was the amount of the decrease in working capital as a result of these entries?

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The Answer of Robb Corporation uses the allowance method of accounting for uncollectible accounts. During 2011, Robb had charged $80,000 to Bad Debt Expense, and wrote off accounts receivable of $90,000 as uncollectible. What was the amount of the decrease in working capital as a result of these entries?

Robb Corporation Uses the Allowance Method of Accounting for Uncollectible