Question

An analysis of an entity's P150,000 accounts receivable at year-end resulted in a P5,000 ending balance for its allowance for uncollectible accounts and a bad debt expense of P2,000. During the past year, recoveries on bad debts previously written off were correctly recorded at P500. If the beginning balance in the allowance for uncollectible accounts was P4,700, what was the amount of accounts receivable written off as uncollectible during the year?

          An analysis of an entity's P150,000 accounts receivable at year-end resulted in a P5,000 ending balance for its allowance for uncollectible accounts and a bad debt expense of P2,000. During the past year, recoveries on bad debts previously written off were correctly recorded at P500. If the beginning balance in the allowance for uncollectible accounts was P4,700, what was the amount of accounts receivable written off as uncollectible during the year?

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Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

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We have an entity with P150,000 in accounts receivable at year-end, a P5,000 ending balance in its allowance for uncollectible accounts, and a bad debt expense of P2,000. Recoveries on bad debts previously written off were P500, and the beginning balance in the Show more…

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An analysis of an entity's P150,000 accounts receivable at year-end resulted in a P5,000 ending balance for its allowance for uncollectible accounts and a bad debt expense of P2,000. During the past year, recoveries on bad debts previously written off were correctly recorded at P500. If the beginning balance in the allowance for uncollectible accounts was P4,700, what was the amount of accounts receivable written off as uncollectible during the year?