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A company has provided the following information prior to any year-end bad debt adjustment: . Cash sales, $150,000 Credit sales, $450,000 . Selling and administrative

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A company has provided the following information prior to any year-end bad debt adjustment: . Cash sales, $150,000 Credit sales, $450,000 . Selling and administrative expenses, $110,000 Sales returns and allowances, $30,000 . Gross profit, $490,000 Accounts receivable, $110,000 Sales discounts, $14,000 . Allowance for doubtful accounts credit balance, $1,200 The company prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. How much is bad debt expense

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