In the Balance Sheet at the End of Its First

question 180

Multiple Choice

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000. During the year, Dinty wrote off $32,000 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,200,000, and cash collections from credit customers totaled $1,950,000.
-What bad debt expense would Dinty report in its first-year income statement?

• A) $50,000.
• B) $82,000.
• C) $114,000.
• D) Can't be determined from the given information

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