12. Ace Co. prepared an aging of its accounts receivable at December 31, 2012 an

Question

12. Ace Co. prepared an aging of its accounts receivable at December 31, 2012 and
determined that the net realizable value of the receivables was $600,000. Additional
information is available as follows:
Allowance for uncollectible accounts at 1/1/12credit balance $ 68,000
Accounts written off as uncollectible during 2012 46,000
Accounts receivable at 12/31/12 650,000
Uncollectible accounts recovered during 2012 10,000
For the year ended December 31, 2012, Ace's uncollectible accounts expense would be
a. $50,000.
b. $46,000.
c. $32,000.
d. $18,000.

Explanation / Answer

b. 46000

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