At the beginning of the current period, Huang Co. had a balance of $100,000 in Accounts Receivable and a $7,000 credit balance in Allowance for Doubtful Accounts. In the period, it had net credit sales of $400,000 and collections of $361,500. It wrote off accounts receivable of $10,500 as uncollectible. After a $1,750 account was written off as uncollectible, it was subsequently collected. This is in addition to the other cash collections. Based on an aging schedule, uncollectible accounts are estimated to be $8,000 at the end of the period.

Record sales and collections in the period. Ignore any inventory, cost of goods sold, and refund liability for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To record sales on account.)
(To record collections on account.)

List of Accounts

Record the write off of uncollectible accounts in the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To record writeoff of accounts receivable.)

Record the collection of the account previously written off as uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To reverse write off.)
(To record collection of previously written-off account.)

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List of Accounts

Record the bad debt expense adjusting entry for the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To record estimate of uncollectible accounts.)

Show the balance sheet presentation of the receivables at the end of the period.

Huang Co. Balance Sheet (Partial)
Current AssetsTotal Intangible AssetsTotal Long-term InvestmentsOwner's EquityLong-term InvestmentsTotal AssetsTotal LiabilitiesLong-term LiabilitiesTotal Liabilities and Owner's EquityTotal Owner's EquityTotal Current LiabilitiesTotal Property, Plant and EquipmentProperty, Plant, and EquipmentCurrent LiabilitiesTotal Current AssetsIntangible AssetsTotal Long-term Liabilities
			$
AddLess:					$

What is the amount of bad debt expense on the income statement for the period?

Bad debts expense

$