mn During the year, Bridgeport Company wrote off a $47000 uncollectible account. Before this entry was made, the balance in accountsreceivable was $490000 and the balance in the allowance account was $52000. The accounts receivable amount expected to becollected after the write-off was$438000.$485000.$391000.$490000.

Step 1:Accounts receivable, ending = Accounts receivable, beginning - Written off accountsAccounts…

Answered: During the year, Bridgeport Company…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section: Chapter Questions

Problem 1CP

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Dauring the year, Kiner Company made an entry to write off a $32,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $400,000 and the balance in the allowance account was $36,000. The accounts receivable amount expected to be collected after write-off entry was.
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During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000.
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