Thatcher Company had a January 1,credit balance in its Allowance for Doubtful Accounts of $4,000 for the current year.The following transactions and events affected the Allowance for Doubtful Accounts during the current year:
What amount should appear in the allowance for doubtful accounts in the December 31,balance sheet for the current year?

Question

Thatcher Company had a January 1,credit balance in its Allowance for Doubtful Accounts of $4,000 for the current year.The following transactions and events affected the Allowance for Doubtful Accounts during the current year:
  What amount should appear in the allowance for doubtful accounts in the December 31,balance sheet for the current year?

Quizplus · Accepted Answer

The Answer of Thatcher Company had a January 1,credit balance in its Allowance for Doubtful Accounts of $4,000 for the current year.The following transactions and events affected the Allowance for Doubtful Accounts during the current year:
  What amount should appear in the allowance for doubtful accounts in the December 31,balance sheet for the current year?

Thatcher Company Had a January 1,credit Balance in Its Allowance