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Marigold Corp. prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $896000. Additional
Marigold Corp. prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $896000. Additional information is available as follows: Allowance for uncollectible accounts at 1/1/20-credit balance $101500 Accounts written off as uncollectible during 2020 71000 Accounts receivable at 12/31/20 965000 Uncollectible accounts recovered during 2020 15200 For the year ended December 31, 2020, Marigold's bad debt expense would be $69000. $45700. $23300. $71000
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