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What is balance in the bad debt expense account at year end

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A business has the following balances at the beginning of the year:

Accounts receivable: 272500

Allowance for doubtful accounts: -40875

The following summary transactions occurred during the year.

Sales for the year, 100% on credit: 525000

Cash collected on accounts receivable for the year: 518375

Write-offs of uncollectable accounts receivable: 32700

Received a cheque from a customer whose account was previously written off: 3270

Overall rate used to estimate the allowance for doubtful accounts at year end: 16%

Using the information above, answer the following questions. Enter the digits only - no dollar signs, commas, or decimal points.

What is the balance in the accounts receivable account at year end?

What is the balance in the allowance for doubtful accounts at year end?

What is the balance in the bad debt expense account at year end?

Reference no: EM132748897

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