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An analysis of an entitys $150,000 accounts receivable at year end resulted in a $5,000 ending balance for its allowance for uncollectible accounts and a bad debt expense of $2,000. During the past year, recoveries on bad debts previously written off were correctly recorded at $500. If the beginning balance in the allowance for uncollectible accounts was $4,700, what was the amount of accounts receivable written off as uncollectible during the year?

Options
  • A. $1,200
  • B. $1,800
  • C. $2,200
  • D. $2,800
  • Correct Answer: Option
    C