A company begins the year with $100,000 of Accounts Receivable and a credit balance in the Allowance for Uncollectible Accounts

of $20,000. During the year they record $320,000 of credit sales and $110,000 of cash sales. The company collects $258,000 cash from customers their credit customers. Finally, a customer owing $12,000 is unable to pay their balance and the company writes the amount off as uncollectible.

At the end of the year the company determined that 20% of their accounts receivable were uncollectible.

What is the ending balance in Allowance for Uncollectible Accounts, after adjusting entries?

How much Bad Debt Expense is recorded for the year?

What is the ending balance in Accounts Receivable, after adjusting entries?