Check 5 Brief Exercise 7-13 (Algo) Uncollectible accounts; income statement approach (LO7-5, 7-6) 5 oints 8 02:54 The following information relates to a company's accounts receivable gross accounts receivable balance at the beginning of the year. $400,000, allowance for uncollectible accounts at the beginning of the year, $29,000 (credit balance credit sales during the year, $1,450,000; accounts receivable written off during the year . $20.000; cash collections from customers, $1,350,000. Assuming the company estimates bad debts at an amount equal to 2% of credit soles. 1. Calculate bad debt expense for the year. 2. Calculate the year-end balance in the allowance for uncollectible accounts. eBook Print Roberences 1. Bad debt expense 2 Ending balance