Allowance method for uncollectihles and warranties. A firm estimates both uncollectible accounts and warranty repair costs using

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Allowance method for uncollectihles and warranties. A firm estimates both uncollectible accounts and warranty repair costs using a percentage of sales. Assume that the combined Bad Debt Expense and Warranty Expense computed with the percentage-of-sales method totals

$20,000. At the end of the period, the firm also performs aging analyses of both receivables and outstanding warranty obligations and finds that the implied total expense should be $19,000.

What will be the firm's combined bad debt and warranty expense for the year? Explain.

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