Multiple Choice $66,700 $59,800 $70,100 $31,200

A company recorded credit sales of $750,000, of which $520,000 is not yet due, $170,000 is past due for up to 180 days, and $60,000 is past due for more than 180 days. Under the aging of receivables method, the company expects it will not collect 6% of the amount not yet due, 11% of the amount past due for up to 180 days, and 28% of the amount past due for more than 180 days. The allowance account had a debit balance of $3,400 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Multiple Choice O O O O $66,700 $59,800 $70,100 $31,200