Multiple Choice Question 110 Waterway Industries had a 1/1/17 balance in the Allowance for Doubtful Accounts of $38500. During 2017, it wrote off $28900 of accounts and collected $8600 on accounts previously written off. The balance in Accounts Receivable was $800000 at 1/1 and $930000 at 12/31. At 12/31/17, Waterway estimates that 6% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2017? 46200. 17300. $ 37600. $ 46500