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1. Bert had accounts receivable of $370,000 and an allowance for doubtful accounts of $13,200 just...

1. Bert had accounts receivable of $370,000 and an allowance for doubtful accounts of $13,200 just before writing off as worthless an account receivable from Ernie Company of $2,900. After writing off this receivable what would be the balance in Bert's Allowance for Doubtful Accounts?

Multiple Choice

  • $13,200 credit balance.

  • $10,300 debit balance.

  • $16,100 credit balance.

  • $10,300 credit balance.

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ReportAnswer #1

The balance in allowance for doubtful debts = $13,200 - $2,900

= $10,300

The answer is $10,300 credit balance.

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