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At year-end, Chief Company has a balance of $21,000 in accounts receivable of which $2,100 is more than 30 days overdue. Chief has a credit

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At year-end, Chief Company has a balance of $21,000 in accounts receivable of which $2,100 is more than 30 days overdue. Chief has a credit balance of $210 in the allowance for doubtful accounts before any year-end adjustments. Using the aging of accounts receivable method, Chief estimates that 2.0% of current accounts and 11% of accounts over thirty days are uncollectible. What is the amount of bad debt expense? Multiple Choice $609 $210 $819. $399

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