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Cateyan vo-1 W During the current year, Webster's Camera Shop had sales revenue of $160,000, of which $43.200 was on credit. At the start of

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Cateyan vo-1 W During the current year, Webster's Camera Shop had sales revenue of $160,000, of which $43.200 was on credit. At the start of the current year, Accounts Receivable showed a $9,600 debit balance and the Allowance for Doubtful Accounts showed a $520 credit balance. Collections of accounts receivable during the current year amounted to $36,000. The Company uses the percentage of receivables method to account for its estimated uncollectible accounts Data during the current year follow a. On December 31, an Accounts Receivable from a deadbeat customer (Melania Trump, Wedding Photographer) of $800 from a prior year was determined to be uncollectible, therefore it was written off immediately as a bad debt. b. On December 31. on the basis of experience, a decision was made to continue the accounting policy of basing estimated uncollectible accounts on 3 percent of the end balance of accounts receivable. What is the Company's bad debt expense for the year? Numeric Response 1344

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