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15 Joberg Ltd. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $290,000. Additional information for calendar 2020 follows:                              Allowance for doubtful accounts, beginning                         $  34,000                            Uncollectible account written off during year                           23,000                            Accounts receivable, ending                                                     320,000                            Uncollectible accounts recovered during year                          5,000 For the year ended December 31, 2020, Joberg’s bad debt expense should be   Select one: a. $16,000 b. $14,000 c. $23,000 d. $20,000

15 Joberg Ltd. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $290,000. Additional information for calendar 2020 follows:                              Allowance for doubtful accounts, beginning                         $  34,000                            Uncollectible account written off during year                           23,000                            Accounts receivable, ending                                                     320,000                            Uncollectible accounts recovered during year                          5,000 For the year ended December 31, 2020, Joberg’s bad debt expense should be   Select one: a. $16,000 b. $14,000 c. $23,000 d. $20,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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15

Joberg Ltd. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $290,000. Additional information for calendar 2020 follows:

 

                           Allowance for doubtful accounts, beginning                         $  34,000

                           Uncollectible account written off during year                           23,000

                           Accounts receivable, ending                                                     320,000

                           Uncollectible accounts recovered during year                          5,000

For the year ended December 31, 2020, Joberg’s bad debt expense should be


 

Select one:
a. $16,000
b. $14,000
c. $23,000
d. $20,000
 
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