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Crane Company prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $895000. Additional
Crane Company prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $895000. Additional information is available as follows: Allowance for uncollectible accounts at 1/1/20-credit balance $100000 Accounts written off as uncollectible during 2020 67000 Accounts receivable at 12/31/20 965000 Uncollectible accounts recovered during 2020 14000 For the year ended December 31, 2020, Crane's bad debt expense would be $67000. O $70000. O $47000. O $23000
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