May Co. prepared an aging of its accounts receivable at December 31, 2008 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:
For the year ended December 31, 2008, May's uncollectible accounts expense would be

Question

May Co. prepared an aging of its accounts receivable at December 31, 2008 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:
 For the year ended December 31, 2008, May's uncollectible accounts expense would be

Quizplus · Accepted Answer

Allowance for Doubtful Acct. balance $34,000 + $5,000 - $23,000 = $16,000 (before bad debt expense)
$325,000 - $300,000 - $16,000 = $9,000 (bad debt expense).

May Co Prepared an Aging of Its Accounts Receivable at December