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At December 31, 2020, before any year-end adjustments, the Accounts Receivable balance of Electrified Auto Ltd. is $1242000. The companys Allowance for Uncollectible Accounts has

At December 31, 2020, before any year-end adjustments, the Accounts Receivable balance of Electrified Auto Ltd. is $1242000. The companys Allowance for Uncollectible Accounts has a $7,500 credit balance. Electrified Auto Ltd. prepares the following aging schedule for its accounts receivable:

Total Balance

0-30 Days

31-60 Days

61-90 Days

Over 90 Days

$1242000

$677000

$416000

$115000

$34000

Estimated uncollectible

0.5%

1.0%

15%

40%

Required:

What should be the company's ending balance of Allowance for Uncollectible Accounts? Round your answer to the nearest dollar.

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