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"The comapny uses the againg method and estimates it will not collect 7% of accounts receivable not you due, 12% of receivables up to 30 days past due, and 41% of receivables greater than 30 days past due. The accounts receivable balance of $11,800 consist of $7500 not yet due, $2,600 up to 30 days past due, and $1,700 greater than 30 days past due. What is the appropriate amount of Bad Debt Expense?

The following information pertains to a company at the end of December: The company uses the aging method and estimates it will not collect 7% of accounts receivable not ye accounts receivable balance of $11,800 consists of $7,500 not yet due, $2,600 up to 30 days past due Multiple Choice $400 $1,134 $995 $312