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ABC Company began the year with $4,000 Accounts Receivable and $150 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: 1. Sales

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ABC Company began the year with $4,000 Accounts Receivable and $150 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: 1. Sales on Account $10,000. 2. Collection on Accounts Receivable $6,000. 3. Wrote off $100 of accounts that could not be collected. 4. Estimated uncollectible accounts for the year would be $250. (used Percent of Revenue Method) What is the Bad Debt Expense for the period? $50 $100 $250 $300

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