ABC Company began the year with $2,000 Accounts Receivable and $100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: 1. Sales on Account $5,000. 2. Collection on Accounts Receivable $3,800. 3. Wrote off $80 of accounts that could not be collected. 4. Estimated uncollectible accounts for the year would be $200. (used Percent of Revenue Method) What is the Bad Debt Expense for the period?

ABC Company began the year with $2,000 Accounts Receivable and $100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: 1. Sales on Account $5,000. 2. Collection on Accounts Receivable $3,800. 3. Wrote off $80 of accounts that could not be collected. 4. Estimated uncollectible accounts for the year would be $200. (used Percent of Revenue Method) What is the Bad Debt Expense for the period