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Marconi Co. has the following information available for the current year: Net Sales $ 762,000 Bad Debt Expense 48,000 Accounts Receivable, Beginning of Year 132,000 Accounts Receivable, End of Year 67,000 Allowance For Doubtful Accounts, Beginning of Year 54,000 Allowance For Doubtful Accounts, End of Year 74,000 What was the amount of write-offs during the year?

Respuesta :

abdullahfarooqi

Answer:

the amount of write-offs during the year= $28,000

Explanation:

Amount written off = Beginning allowance for doubtfull accounts + Bad debts expense - Closing allowanve for doubtfull accounts

= 54000+48000-74000

= 28000

abiolataiwo2015

Based on the information given the write-offs amount during the year is $28,000.

Using this formula

Written off amount = Beginning allowance for doubtful accounts + Bad debts expense -Ending allowance for doubtful accounts

Where:

Beginning allowance for doubtful accounts=$54,000

Bad debts expense=$48,000

Ending allowance for doubtful accounts=$74,000

Let plug in the formula

Written off amount= 54000+48000-74000

Written off amount=$28,000

Inconclusion the write-offs amount during the year is $28,000.

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https://brainly.com/question/18685350

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