Brief Exercise 7-10 Uncollectible accounts; balance sheet approach [L07-5, 7-6] The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $440,000; allowance for uncollectible accounts at the beginning of the year, $33,000 (credit balance); credit sales during the year, $1,650,000; accounts receivable written off during the year, $24,000; caslh collections from customers, $1,800,000. Assuming the company estimates that future bad debts will equal 11% of the year-end balance in accounts receivable. 1. Calculate the year-end balance in the allowance for uncollectible accounts 2. Calculate bad debt expense for the year. 1. Ending balance 2. Bad debt expense 29,260 $ 20,260