Home / Expert Answers / Accounting / as-of-january-1-2024-barley-company-had-a-credit-balance-of-520-000-in-its-allowance-for-uncolle-pa969

(Solved): As of January 1, 2024, Barley Company had a credit balance of $520,000 in its allowance for uncolle ...



As of January 1, 2024, Barley Company had a credit balance of $520,000 in its allowance for uncollectible accounts. Based on experience, 2% of Barley's gross accounts receivable have been uncollectible. During 2024, Barley wrote off $650,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2024 is $18,000,000. In its December 31, 2024, balance sheet, what amount should Barley report as allowance for uncollectible accounts?



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe