QUESTION 5 A company's year-end balance in accounts receivable is $2,000,000. The allowance for uncollectible accounts had a beginning of year credit balance of $39,000. An evaluation of uncollectible accounts receivable at the end of the year indicates a required allowance of $49,400. If actual uncollectible accounts receivable is $41,600 and this is written off. What is the bad debt expense for the year