At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $330,000 and in Allowance for Uncollectible Accounts of $1,340 (debit) before adjustment. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. Bad debt expense for the year should be: Multiple Choice $6,541. $4,640. $1,340. $1,960