The balance of the allowance for doubtful accounts account at january1 of the current year was $6,800. during the year, accounts receivable in the amount of $9,000 were written off. estimated uncollectible accounts expense using the percentage-of-sales basis for the year amounts to $7,200. the balance of the allowance for doubtful accounts account to be reported on the balance sheet at year-end is
(a) $7,200.
(b) $5,000.
(c) $14,000.
(d) $8,600.

Given:

Accounts receivable = $9,000

Allowance for Doubtful Accounts (current year) = $6,800

Estimated uncollected accounts expense = $7,200

The balance of the Allowance for Doubtful Accounts to be reported on the balance sheet at year-end can be computed as:

Allowance for Doubtful Accounts (at year end) = Allowance for Doubtful Accounts (current year) + Estimated uncollected accounts expense - Accounts receivable

Allowance for Doubtful Accounts (at year end) =  $6,800 + $7,200 - $9,000

Allowance for Doubtful Accounts (at year end) =  $5,000

∴ The balance of the Allowance for Doubtful Accounts to be reported on the balance sheet at year-end is $5,000.

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