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XYZ has three aging categories to estimate uncollectable accounts. The three categories are based on the probability that the account will not get paid: Low

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XYZ has three aging categories to estimate uncollectable accounts. The three categories are based on the probability that the account will not get paid: Low Probability Amount 29 $ 25,000 796 $ 20,000 20% $200,000 High Credit The balance of the allowance for doubtful accounts as of 12/31/2017 Amount written off during 2018 $ 20,000 $ 20,000 Prepare a journal entry as of 12/31/2018 to record bad debt expense 11

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