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Crimson Inc. recorded credit sales of $734000, of which $570,000 is not yet due $110,000 is past due for up to 180 days, and $54,000

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Crimson Inc. recorded credit sales of $734000, of which $570,000 is not yet due $110,000 is past due for up to 180 days, and $54,000 is past due for more than 180 days. Under the aging of receivables method, Crimson Inc, expects it will not collect 6% of the amount not yet due 15% of the amount past due for up to 180 days, and 26% of the amount past due for more than 180 days. The allowance account had a debit balance of $2.100 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Multiple Choice $34,200 $66,840 $63.840 564740

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