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As of January 1, 2021, Barley Co. had a credit balance of $527,000 in its allowance for uncollectible accounts. Based on experience, 1% of Barley's

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As of January 1, 2021, Barley Co. had a credit balance of $527,000 in its allowance for uncollectible accounts. Based on experience, 1% of Barley's gross accounts receivable have been uncollectible. During 2021, Barley wrote of $657,000 of accounts receivable Barley's gross accounts receivable as December 31, 2021's $18.350,000 How much bad debt expense should Barley record for 20212 Multiple Choice $183,500 $710.500 $53,500 3313,500

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