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The following information pertains to ABC, at the end of December Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $20,000 10.000

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The following information pertains to ABC, at the end of December Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $20,000 10.000 14,200 400 credit 20,000 ABC uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 20% of receivables up to 30 days past due, and 40% of receivables greater than 30 days past due. The accounts receivable balance of $14,200 consists of $9,500 not yet due $3,000 up to 30 days past due, and $1,700 greater than 30 days past due. What is the appropriate amount of Bad Debt Expense? Multiple Choice 3600 SO

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