The following information relates to a company's accounts receivable gross accounts receivable balance at the beginning of the year, $ 4 7 0 , 0 0 0 allowance for uncollectible accounts at the beginning of the year, $ 3 6 , 0 0 0 ( credit balance ) credit sales during the year, $ 1 , 8 0 0 , 0 0 0 accounts receivable written off during the year, $ 2 7 , 0 0 0 cash collections from customers, $ 1 , 9 5 0 , 0 0 0 Assuming the company estimates bad debts at an amount equal to 3 of credit sales Calculate bad debt expense for the year Calculate the year end balance in the allowance for uncollectible accounts table 1 Bad debt expense , 2 Ending balance

Question

The following information relates to a company's accounts receivable  gross accounts receivable balance at the beginning of the year, $ 4 7 0 , 0 0 0   allowance for uncollectible accounts at the beginning of the year, $ 3 6 , 0 0 0 ( credit balance )   credit sales during the year, $ 1 , 8 0 0 , 0 0 0   accounts receivable written off during the year, $ 2 7 , 0 0 0   cash collections from customers, $ 1 , 9 5 0 , 0 0 0   Assuming the company estimates bad debts at an amount equal to 3   of credit sales  Calculate bad debt expense for the year  Calculate the year   end balance in the allowance for uncollectible accounts    table     1   Bad debt expense   ,   2   Ending balance

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Question

The following information relates to a company's accounts receivable: gross accounts receivable balance at the beginning of the year, $ 4 7 0 , 0

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