Allowance for uncollectible accounts


Ace Co. prepared an aging of its accounts receivable at December 31, 2012 and determined that the net realizable value of the receivables was $600,000. Additional information is available as follows: Allowance for uncollectible accounts at 1/1/12-credit balance $ 68,000 Accounts written off as uncollectible during 2012 46,000 Accounts receivable at 12/31/12 650,000 Uncollectible accounts recovered during 2012 10,000 For the year ended December 31, 2012, Ace's uncollectible accounts expense would be?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Allowance for uncollectible accounts
Reference No:- TGS0715582

Expected delivery within 24 Hours