Young and Restless Corporation (YRC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60
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Young and Restless Corporation (YRC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered current and have a 3% uncollectible rate. Accounts more than 60 days are considered delinquent and have a 20% uncollectible rate..YRC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $810
If YRC has $83,030 of current accounts and $6,120 of delinquent accounts, how much should be reported as Bad Debt expense?
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