Question

At January 1, 2022, Betty DeRose, Inc. had an allowance for
bad debts with an $11,890 credit balance. Betty recorded
bad debt expense of $39,300 for 2022. At December 31, 2022,
Betty prepared the following aging schedule:

                   Accounts Receivable    % Uncollectible
not past due            $156,000                 2%
1-30 days past due        67,000                 8%
31-60 days past due       25,000                12%
61-90 days past due       19,000                24%
over 90 days past due     11,000                60%

Calculate the amount of accounts receivable Betty wrote-off
as uncollectible during 2022.

Answer 1

BEGINNING Allowance balance	11,890
Add: Bad debt expense	39,300
Less: ending balance of allowance	(22,640)	(Note 1)
accounts receivable Betty wrote-off as uncollectible	28,550
NOTE 1;
	Accounts Receivable	% Uncollectible	Amount Uncollectible
Not past due	156,000	2%	3,120
1-30 days	67,000	8%	5,360
31-60 days	25,000	12%	3,000
61-90 Days	19,000	24%	4,560
Over 90 days	11,000	60%	6,600
	Ending allowance balance	22,640