Accounting Problem - my work is shown - need validation, advice?

Question

1) Based on an aging of its accounts receivable at December 31, 2003, XYZ Company determined that its net realizable value at December 31 was equal to $325,000. Additional information is given:
Accounts receivable, December 31 ............. $360,000
Allowance for doubtful accounts, January 1 ... 42,700 credit balance
Accounts receivable written-off during the year 26,800

Based on the above information, calculate the amount of bad debt expense recorded by XYZ Company for 2003.

360K - 26,800 = 333,200. 333,200 - 325,000 = 8,200?

Answer 1

I have $19,100.

If nrv is $325k and AR is $360k, you need an allowance figure at y/e of $35,000, but your allowance has a bal. of $42,700 so you need to write-back the over-provision of $7,700. Net that off the $26,800 written off to income statement in 2003 and you have a net expense to income statement of $19,100.