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 D Trucking uses the accrual method of accounting. Below is a reconciliation of D Trucking’s allowance for bad debts for the current year.

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I need help with the following question please help…

1. D Trucking uses the accrual

method of accounting. Below is a reconciliation of D Trucking’s allowance for bad debts for the current year.

Beginning allowance for bad debts
$61,150
Actual write-offs of accounts receivable during the year
(80,000)
Addition to allowance
88,500
Ending allowance for bad debts
$69,650

Considering the difference between the GAAP and the tax rules for accounting for bad debts, calculate D Trucking’s temporary excess of taxable income over book income.

 
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