At December 31, ABC Company had account balances in Accounts Receivable of $308,000 and in Allowance for Uncollectible Accounts of $880 (credit) before any adjustments. An analysis of ABC Company's December 21 accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. Bad debt expense for the year should be Mutiple Choice $9,240) 58.861 $101201 $8.360