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Peachy Smiles (PS) sells Invisalign braces to dental clinics in Boston. In 2019 their sales $1,000,000 of which $600,000 was on account. From experience PS

Peachy Smiles (PS) sells Invisalign braces to dental clinics in Boston. In 2019 their sales $1,000,000 of which $600,000 was on account. From experience PS knows that 3% of the receivables will be uncollectable. Their allowance for bad debt had a $10,000 beginning credit balance. However, PS wrote off $6,000 of their receivables.

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