Clark Company estimated the net realizable value of its accounts receivable as of December 31, 2019, to be $170,000, based on an aging schedule of accounts receivable. Clark has also provided the following information: The accounts receivable balance on December 31, 2019 was $181,000. Uncollectible accounts receivable written off during 2019 totaled $12,500. The allowance for doubtful accounts balance on January 1, 2019 was $16,000. How much is Clark's 2019 bad debt expense

$7,500

Explanation:

Calculation to determine How much is Clark's 2019 bad debt expense

First step is to calculate the Allowance for Doubtful Accounts balance

Allowance for Doubtful Accounts balance=

$181,000-$170,000

Allowance for Doubtful Accounts balance=$11,000

Second step is to calculate the amount to be written off

Written off=$16,000-$12,500

Written off=-$3,500

Now let calculate the bad debt expense

Bad debt expense=$11,000-$3,500

Bad debt expense=$7,500

Therefore How much is Clark's 2019 bad debt expense is $7,500

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