30 At December 31, ABC Company had account balances in Accounts Receivable of $307,000 and in Allowance for Uncollectible Accounts of $690 (credit) before any adjustments. An analysis of ABC Company's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for the year should be: 2014 Multiple Choice $12,280 $11,491. $11,590 $12,970