Question - The following is a portion of the current assets section of the balance sheets of Avanti's, Inc., at December 31, 2017 and 2016:
12/31/1712/31/16Accounts receivable, less allowance for bad debts of $9,112 and $15,706, respectively$176,877$229,656
Required:
a. If $11,374 of accounts receivable were written off during 2017, what was the amount of bad debts expense recognized for the year? (Hint: Use a T-account model of the Allowance account, plug in the three amounts that you know, and solve for the unknown.)
What is the bad debt expense?