Problem regarding bad debt expense

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Reference no: EM13159978

May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:

Allowance for uncollectible accounts at 1/1/07-credit balance: $ 34,000

Accounts written off as uncollectible during 2007: 23,000

Accounts receivable at 12/31/07: 325,000

Uncollectible accounts recovered during 2007: 5,000

For the year ended December 31, 2007, May's bad debt expense would be ??

Reference no: EM13159978

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