The records of Monty Company at the end of the current year show Accounts Receivable $ 78,900, Credit Sales $ 826,200; and Sales Returns and Allowances $ 40,800.

If Monty uses the direct write-off method to account for uncollectible accounts and Monty determines that Matisses $ 918 balance is uncollectible, what will Monty record as bad debt expense?

Bad debt expense

$

If Allowance for Doubtful Accounts has a balance of $ 1,122 and Monty concludes bad debts are expected to be 10% of accounts receivable, what will Monty record as bad debt expense?

Bad debt expense

$