26.

Using the following information:

	12/31/17
Accounts receivable	$520000
Allowance	(35800	)
Cash realizable value	$484200

During 2018, sales on account were $145700 and collections on account were $98100. Also during 2018, the company wrote off $3940 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40800. Bad debt expense for 2018 is

40800.

$8940.

$5000.

$3940.