9 Brief Exercise 7-14 (Algo) Uncollectible accounts; balance sheet approach (L07-5, 7-6] ats The following information relates to a company's accounts receivable gross accounts receivable balance at the beginning of the year, $470,000, allowance for uncollectible accounts at the beginning of the year, $36,000 (credit balance): credit sales during the year, $1,800,000; accounts receivable written off during the year. $27,000 cash collections from customers, 51,950,000. Assuming the company estimates that future bad debts will equal 9% of the year-end balance in accounts receivable 1. Calculate bad debt expense for the year 2. Calculate the year-end balance in the allowance for uncollectible accounts. 1. Bad debt expense 2 Ending balance $ 293.000 $ 284,000