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The following information pertains to Lindsey Corp. at the end of the year: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales

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The following information pertains to Lindsey Corp. at the end of the year: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $195,000 34,000 39,000 1,000 debit 5.900 Lindsey Corp. uses the percentage-of-credit-sales method and estimates that 7% of the credit sales are uncollectible. After the year-end adjustment, what amount of bad debt expense would Lindsey report for the year? Multiple Choice O $13,650 0 $16,150. O $12,650 0 $14,650

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