accounting practice problem 3

3 Check my work The following information relates to a company's accounts receivable: gross accounts receivable balance at the beginning of the year, $300,000; allowance for uncollectible accounts at the beginning of the year, $25,000 (credit balance); credit sales during the year, $1,500,000; accounts receivable written off during the year, $16,000; cash collections from customers, $1,450,000. Assuming the 1 company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable. points 1. Calculate bad debt expense for the year. 2. Calculate the year-end balance in the allowance for uncollectible accounts. eBook Print References 1 . Bad debt expense 2. Ending balance