Financial Accounting

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Net Accts Rec Allowance for Doubtful Accts with Write-offs


Jazz Company has a \$20,000 credit balance at 12/01/17 in the Allowance for Doubtful Accounts. After analyzing the Accounts Receivable account, which has a balance of \$300,000 at year-end, it has been determined that only two customers have account balances that will more than likely be uncollectable because they are more than 180 days past due. Smith and Associates owes Jazz Company \$13,000 on an invoice dated 5/31/17, and Brown Corporation owes \$10,800 related to an invoice dated 1/20/17. Accounts totaling \$15,250 were written off during the month.

Net Accounts Receivable will be reported at what amount on the Balance Sheet at 12/31/17 if Jazz Company records bad debt expense using the balance sheet method?