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On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $49,000 and $2,150, respectively. During 2022, Coolwear wrote off $700 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,900 at December 31, 2022. Bad debt expense for 2022 would be:
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On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollecti...
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