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A company recorded credit sales of $731,000, of which $560,000 is not yet due, $100,000 is past due for up to 180 days, and $71,000

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A company recorded credit sales of $731,000, of which $560,000 is not yet due, $100,000 is past due for up to 180 days, and $71,000 is past due for more than 180 days. Under the aging of receivables method, the company expects it will not collect 5% of the amount not yet due, 18% of the amount past due for up to 180 days, and 28% of the amount past due for more than 180 days. The allowance account had debit balance of $2,400 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Muitiple Choice $68,280 $65.880 $64,980 $28,000

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