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Lord of the Fries, Inc., has the following account balances at the end of the year before adjustments: Accounts Receivable $70,000 Allowance for Doubtful Accounts

Lord of the Fries, Inc., has the following account balances at the end of the year before adjustments:

Accounts Receivable

$70,000

Allowance for Doubtful Accounts

$200 debit balance

Sales

$700,000

Doubtful Accounts Expense

$0

Management estimates that 12% of Accounts Receivable will be uncollectible. After the correct adjusting entry has been made, what is total Doubtful Accounts Expense on the income statement for the year?

Do not include $ or negative signs in your answer.

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