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Maple Co . provides for bad debts expense at the rate of 1 . 1 7 % of credit sales for the period. On Jan

Maple Co

.

provides for bad debts expense at the rate of

1.17 %

of credit sales for the period. On Jan

1, 20 1,

the Allowance for Bad Debts was $

38, 000 .

There were $

16, 000

of accounts written off during the year. Credit sales for the year were $

740, 000 .

What is the balance in the Allowance for Bad Debts account?

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