Inge Co. determined that the net value of its accounts receivable at December 31, 2006, based on an aging of the receivables, was $325,000. Additional information is as follows:

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Allowance for uncollectible accounts—1/1/06

$ 30,000

Uncollectible accounts written off during 2006

18,000

Uncollectible accounts recovered during 2006

2,000

Accounts receivable at 12/31/06

350,000

For 2006, what would be Inge’s uncollectible accounts expense?

  1. $ 5,000
  2. $11,000
  3. $15,000
  4. $21,000