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& You received no cred The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year. $300,000: allowance

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& You received no cred The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year. $300,000: allowance for uncollectible accounts at the beginning of the year, $25.000 (credit balancel: credit sales during the year, $1.500,000, accounts receivable written off during the year. S16,000 cash collections from customers, $1450,000 Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable. 1. Caiculate the year-end balance in the allowance for uncolfectible accounts. ok nces2.Calculate bad debt expense for the year Bad debt e

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