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The following information pertains to Lightning Inc., at the end of December Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $20,

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The following information pertains to Lightning Inc., at the end of December Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $20, eee 10, eee 13,500 408 credit 20, eee Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 17% of receivables up to 30 days past due, and 42% of receivables greater than 30 days past due. The accounts receivable balance of $13,500 consists of $9,000 not yet due $2,800 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 0 o C

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