Testbank Multiple Choice Question 110 Sheffield Corp. had a 1/1/20 balance in the Allowance for Doubtful Accounts of $41500. During 2020, it wrote off $29000 of accounts and collected $7900 on accounts previously written off. The balance in Accounts Receivable was $840000 at 1/1 and $920000 at 12/31. at 12/31/20, Sheffield estimates that 6% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 20207 O $13700 $34800 0 $42700 $46000