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Martin Corporation reported the following information about net sales revenue and accounts receivable: 2019 $61,360 (2.360 2018 $53,040 (2.040) Accounts Receivable Less: Allowance for Uncollectible

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Martin Corporation reported the following information about net sales revenue and accounts receivable: 2019 $61,360 (2.360 2018 $53,040 (2.040) Accounts Receivable Less: Allowance for Uncollectible Accounts Accounts Receivable, net $59,000 551.000 Martin estimates bad debts based on 2 percent of net sales. During 2019, Martin reported net sales revenues of $368,500 and reinstated $1,000 of accounts that were previously written off. Determine the amount of bad debts that were written off during 2019 $7,370 $7,050 $8,050 58,690

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