Westbrook Enterprises had the following account balances for Year 6 and Year 5: Account 12/31/Year 6 12/31/Year 5 Accounts receivable (gross) $90,000 $75,000 Allowance for doubtful accounts $6,300 $4,200 Bad debt expense $12,500 $11,000 There were no recoveries of previously written-off accounts during Year 6. 1. What were Westbrook's write-offs during Year 6? 2. How much of the accounts receivable at the end of Year 6 does Westbrook expect to collect?
Westbrook Enterprises had the following account balances for Year 6 and Year 5: Account 12/31/Year 6 12/31/Year 5 Accounts receivable (gross) $90,000 $75,000 Allowance for doubtful accounts $6,300 $4,200 Bad debt expense $12,500 $11,000 There were no recoveries of previously written-off accounts during Year 6. 1. What were Westbrook's write-offs during Year 6? 2. How much of the accounts receivable at the end of Year 6 does Westbrook expect to collect?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...
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Transcribed Image Text:Westbrook Enterprises had the following account balances for Year 6 and Year
5:
Account
12/31/Year 6 12/31/Year 5
Accounts receivable (gross)
$90,000
$75,000
Allowance for doubtful accounts $6,300
$4,200
Bad debt expense
$12,500
$11,000
There were no recoveries of previously written-off accounts during Year 6.
1. What were Westbrook's write-offs during Year 6?
2. How much of the accounts receivable at the end of Year 6 does Westbrook
expect to collect?
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