Question

On January 1, 2019, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,049. During the first 11 months of the year, bad debts expense of $21,058 was recognized. The balance in the Allowance for Bad Debts account at November 30, 2019, was $9,711. Required: a. What was the total of accounts written off during the first 11 months

Answer 1

$24,396

Step-by-step explanation:

The total of accounts written off for 11 months can be calculated by subtracting the November 30 balance from the total of beginning balance

Bad debt - Bad debt written off

= Allowance for bad debts + bad debts expense - Allowance for bad debts account as at November 30, 2019

= $13,049 + $21,058 - $9,711

= $24,396