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Sam's Auto Parts uses the aging method to estimate bad debt expense. At the end of 2018, the company had an accounts receivable balance of $102,100 and a credit balance in the allowance for doubtful accounts of $9,180 (before year end adjustments).
The company had the following analysis of accounts receivable at the end of 2018: Accounts Receivable Age Amount Proportion Expected to DefaultCurrent $ 60,000 2% 1-15 days past due 21, 500 3% 16-45 days past due 3, 700 7% 46-90 days past due 3, 600 15%Over 90 days past due 13, 300 25% $ 102,100 Sam's Auto Parts has a December 31 year end.
Problem 1: Calculate the desired ending balance of the allowance for doubtful accounts at the end of the year.
Problem 2: What is the bad debt expense for the year
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