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?
- $ 5,000
- $11,000
- $15,000
- $21,000