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Pineapple Enterprises' accounts receivable is as follows: gross accounts receivable balance at the beginning of the year, $410,000; allowance for uncollectible accounts at the beginning
Pineapple Enterprises' accounts receivable is as follows: gross accounts receivable balance at the beginning of the year, $410,000; allowance for uncollectible accounts at the beginning of the year, $30,000 (credit balance): credit sales during the year. $1,500,000 accounts receivable written off during the year, $21,000; cash collections from customers, $1,400,000. Assuming Pineapple Enterprises estimates bad debts at an amount equal to 3% of credit sales. 1. What is the bad debt expense for the year? 2. What is the year-end balance in the allowance for uncollectible accounts? Answer is complete but not entirely correct. $ 1. 2. Bad debt expense Ending balance 36,222 45,222 $
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