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At December 31. ABC Company had account balances in Accounts Receivable of $302.000 and in Allowance for Uncollectible Accounts of $880 (credit) before any adjustments.

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At December 31. ABC Company had account balances in Accounts Receivable of $302.000 and in Allowance for Uncollectible Accounts of $880 (credit) before any adjustments. An analysis of ABC Company's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be: Multiple Choice $19.000 $17.41 O $18,120 517,240

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