At the beginning of 2015, Peter Dots has the following ledger balances: During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000 and $18,000 has been written off. At the end of the year, company adjusted for bad debts expense using the aging method. The amount estimated as uncollectible was $25,000.
-Refer to the table above,The ending balance in Bad Debts Expense would be:

Question

At the beginning of 2015, Peter Dots has the following ledger balances:  During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000 and $18,000 has been written off. At the end of the year, company adjusted for bad debts expense using the aging method. The amount estimated as uncollectible was $25,000. 
-Refer to the table above,The ending balance in Bad Debts Expense would be:

Quizplus · Accepted Answer

The ending balance in Bad Debts Expense would be $38,000. This is because the beginning balance was $13,000, and $25,000 of bad debts were written off during the year.

At the Beginning of 2015, Peter Dots Has the Following