In the balance sheet at the end of its first year of operations, Dinty Inc....
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Accounting
In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $83,500. During the year, Dinty wrote off $31,900 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,210,000, and cash collections from credit customers totaled $1,930,000. What bad debt expense would Dinty report in its first-year income statement?
Multiple Choice
$83,500.
$51,600.
$115,400.
Can't be determined from the given information.
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