Forrester Inc. provided the following aging of its receivables at December 31.

During the year, $6,256 of receivables were written off. The balance at the beginning of the year in the allowance account was $6,000.
Required:
a. How much will Forrester report as bad debt expense for the year? Round your calculations to the nearest dollar.
b. How much is the net realizable value of Forrester's receivables at year end?

Question

Forrester Inc. provided the following aging of its receivables at December 31. 
  
During the year, $6,256 of receivables were written off. The balance at the beginning of the year in the allowance account was $6,000.
Required:
a. How much will Forrester report as bad debt expense for the year? Round your calculations to the nearest dollar.
b. How much is the net realizable value of Forrester's receivables at year end?

Quizplus · Accepted Answer

The Answer of Forrester Inc. provided the following aging of its receivables at December 31. 
  
During the year, $6,256 of receivables were written off. The balance at the beginning of the year in the allowance account was $6,000.
Required:
a. How much will Forrester report as bad debt expense for the year? Round your calculations to the nearest dollar.
b. How much is the net realizable value of Forrester's receivables at year end?