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The Beginning Balance in the Allowance for Uncollectible Accounts of Pankhurst

Question 52

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The beginning balance in the allowance for uncollectible accounts of Pankhurst Corporation was $26,000.During the period,$17,000 of accounts receivable were written off.At the end of the period,Pankhurst estimates that $30,000 of its accounts receivable will be uncollectible.What amount of uncollectible accounts expense should the firm report?


A) $9,000
B) $17,000
C) $21,000
D) $30,000

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