Use the information below for questions 28 to 30. A company recorded credit sales of $8.3 million in 2020. After write-offs, but before any adjusting entries have been recorded for 2020, gross accounts receivable (aging analysis below) had a debit balance of $750,000 and the allowance for uncollectible accounts had a debit balance of $8,000. There were no recoveries during the year. | Aging category | Balance Estimated Uncollectible % Current $500,000 4% 30-60 days $200,000 8% Over 60 days | $ 50,000 | 10% Based on the aging analysis for 2020 and using the aging of Accounts Receivable method, the company should record Bad Debt Expense of