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The following information relates to a company's accounts receivable gross accounts receivable balance at the beginning of the year, $330,000, allowance for uncollectible accounts at

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The following information relates to a company's accounts receivable gross accounts receivable balance at the beginning of the year, $330,000, allowance for uncollectible accounts at the beginning of the year , $22,000 (credit balance), credit sales during the year, $1,300,000, accounts receivable written off during the year, $13,000; cash collections from customers, $1,000,000. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable 1. Calculate bad debt expense for the year 2. Calculate the year-end balance in the allowance for uncollectible accounts 1. Bad debt expenso 2 Ending balance

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