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Desert Company reports the following normal balances for the year 202X: Balance in ADA at 1/1 $36,383 Balance in A/R at 1/1 $600,000 Balance in
Desert Company reports the following normal balances for the year 202X:
Balance in ADA at 1/1 | $36,383 |
Balance in A/R at 1/1 | $600,000 |
Balance in A/R at 12/31 | $776,480 |
Desert estimates that 5% of accounts receivable will be uncollectible. During the year, it wrote off $21,715 of accounts and collected $6,437 on accounts previously written off. What is the amount of bad debt expense Desert will report on its 202X income statement?
*round your answer to the nearest $1
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