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The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $360,000: allowance for uncollectible accounts at the
The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $360,000: allowance for uncollectible accounts at the beginning, $30,000, credit sales during the year, $1,800,000; accounts receivable written off during the year $19,200; cash collections from customers; $1,740,000. the company estimates that the required year- end balance in the allowance for uncollectible account should be $40,080. What is the bad debt expense for the year end?
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