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A company's allowance for doubtful accounts is $3000 and $2000 on 1/1/18 and 1/1/17, respectively. During 2017, bad debt expense was estimated to be 4%

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A company's allowance for doubtful accounts is $3000 and $2000 on 1/1/18 and 1/1/17, respectively. During 2017, bad debt expense was estimated to be 4% of net credit sales of 590000. During 2017, the amount of accounts written off as uncollectible amounts to $5000

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