Question 4 Incorrect Mark 0.00 out of 1.00 P Flag question Edit question Computing Bad Debt Expense from Transaction Data Modern Oil estimates uncollectible accounts using the allowance method. The following pertains to its year 2020. Allowance for Doubtful Accounts, December 31, 2019, balance: $914,400 credit Allowance for Doubtful Accounts, December 31, 2020, balance: $883,800 credit Accounts formally authorized to be written off in 2020: $158,400 Unexpected collection of accounts receivable on accounts written off in 2020: $9,000 Compute bad debt expense in 2020 for this company $ 158,400 x Incorrect The correct answer is: 118800 Mark 0.00 out of 1.00