Kennedy Company uses the balance sheet approach in estimating uncollectible acco

Question

Kennedy Company uses the balance sheet approach in estimating uncollectible accounts expense. The company prepares an adjusting entry to recognize this expense at the end of each month. During the month of July, the company wrote-off a $4,400 receivable and made no recoveries of previous write-offs. Following the adjusting entry for July, the credit balance in the Allowance for Doubtful Accounts was $3,500 larger than it was on July 1. What amount of uncollectible account expense was recorded for July?

Explanation / Answer

add both values

= 4400+3500 = 7900

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