Check my w 5 Brief Exercise 7-13 (Algo) Uncollectible accounts; income statement approach (LO7-5, 7-6) 033710 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 sales. 1. Calculate bad debt expense for the year, 2. Calculate the year-end balance in the allowance for uncollectible accounts. inded Book Print 1. Bad debt expense 2. Ending balance erences