1.) The Astroids Company records show the following aging of accounts receivable:

Days 030 3160 6190 Over 90

Amount $2,000 $1,000 $ 500 $ 100

% Estimated

Uncollectible 5% 20% 30% 50%

If the balance in the Allowance For Doubtful Accounts is a credit of $50 before adjustment, the Bad Debt Expense for the period is:

a. $ 450

b. $ 500

c. $ 550

d. $1400