The Balances of the Allowance for Doubtful Accounts on the Balance

question 30

Essay

The balances of the allowance for doubtful accounts on the balance sheets dated December 31 of 2017 and 2016 were $1,000 and $4,000, respectively. During 2017, bad debt expense was $9,000. What is the amount of accounts receivable that were written off as uncollectible during 2017?

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Definitions:

Capacity Building Activities

Initiatives designed to strengthen the skills, competencies, and abilities of nonprofits and their staff, enhancing their ability to fulfill their missions.

Nonprofit Organizations

Organizations that operate for the collective, public, or social benefit, rather than focusing on generating profits for owners or investors.

PEST Analysis

A strategic business tool used to evaluate the external macro-environmental factors - Political, Economic, Social, and Technological - that could impact an organization.

Nonprofit Organization

An organization that operates for the public or social benefit, rather than for the profit of private owners or shareholders, and uses surplus revenues to achieve its goals.