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Pans on Fire, Inc., had the following account balances at the end of the year before adjustments: Accounts Receivable $70,000 Allowance for Doubtful Accounts $800

Pans on Fire, Inc., had the following account balances at the end of the year before adjustments:

Accounts Receivable

$70,000

Allowance for Doubtful Accounts

$800 credit balance

Net Sales

$600,000

Doubtful Accounts Expense

$0

Management estimates that 12% of accounts receivable will be uncollectible. After the correct adjusting entry has been made, what is the total Allowance for Doubtful Accounts on the balance sheet at year end?

Do not include $ or negative signs in your answer.

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