A company recorded credit sales of $$750,000,$ of which $$600,000$ is not yet due, $$100,000$ is past due for up to $180$ days, and $$50,000$ is past due for more than $180$ days. Under the aging of receivables method, the company expects it will not collect $1\%$ of the amount not yet due, $10\%$ of the amount past due for up to $180$ days, and $20\%$ of the amount past due for more than $180$ days. The allowance account had a debit balance of $$1,000$ before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account?

Responses

$$28,000$

$$28,000$

$$27,000$

$$27,000$

$$26,000$

$$26,000$

$$29,000$