Calculate the amount of bad debt expense recorded

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Reference no: EM13793218

At January 1, 2002, Betty DeRose, Inc. had an allowance for bad debts with a $4,500 credit balance.

During 2002, Betty wrote-off as uncollectible accounts receivable in the amount of $5,200. Betty prepared the following aging schedule at December 31, 2002:

Accounts Receivable % Uncollectible

not past due $100,000 1%

1-30 days past due 50,000 3%

31-60 days past due 20,000 5%

61-90 days past due 10,000 20%

over 90 days past due 8,000 40%

Based on the above information, calculate the amount of bad debt expense recorded by Betty DeRose, Inc. for 2002.

Reference no: EM13793218

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