During the year, Swifty Corporation made an entry to write off a $33900 uncollectible account. Before this entry was made, the balance in accounts receivable was $423000 and the balance in the allowance account was $32500. The accounts receivable amount expected to be collected after the write-off entry was

The accounts receivable amount expected to be collected after the write-off entry was $390,500.

Explanation:

Account Receivable Balance = $423,000

Less: Allowance Account Balance = $32,500

New Account Receivable Balance = $390,500

Since the write off entry was not made and there is an account for allowance of uncollectible account so at that the entry was made as follows:

Debit: Account Receivable $32,500

Credit: Uncollectible account expense $32,500

To record uncollectible expense.

Since we are certain that $32,500 will not received and recorded as bad debt so we simply deduct this amount from account receivable balance to derive new balance as shown above.