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At the beginning of the year, Panther Company estimated its allowance for uncollectible accounts to be $15,000. During the year, the Company wrote off $8,000
At the beginning of the year, Panther Company estimated its allowance for uncollectible accounts to be $15,000. During the year, the Company wrote off $8,000 in receivables. At year-end, the Company had $810,000 of total accounts receivable and estimated its allowance for uncollectible accounts to be $11,500. What is the net amount of accounts receivable Panther Company should report on its balance sheet at year-end and what amount of bad debt expense should Panther Company
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