Teeter Company began 2018 with accounts receivable of $400,000 and an allowance for uncollectible accounts of $29,000 (credit balance). Bad debt expense for the year was $36,000 and the ending balance in the allowance for uncollectible accounts account was $13,000. What was the amount of accounts receivable written off during the year?
A) $16,000
B) $52,000
C) $452,000
D) $416,000

Question

Quizplus · Accepted Answer

The amount of accounts receivable written off is calculated as: Beginning Allowance ($29,000) + Bad Debt Expense ($36,000) - Ending Allowance ($13,000) = $52,000.

Teeter Company Began 2018 with Accounts Receivable of $400,000 and an Allowance