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For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts
For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $95.500 and $3,900, respectively, at December 31, 2020. During 2021. Rahal's credit sales and collections were $422.000 and $426,000, respectively, and $5.040 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is: Multiple Choice O $4.220 O $5.900 O $3.080 ( ) $8.840
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