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What is the amount of bad debt expense

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At year-end, Chief Company has a balance of $10,000 in accounts receivable, of which $9,000 is within 30 days and $1,000 is over 30 days. Using the aging of accounts receivable method, Chief estimates that 1% of accounts within 30 days and 10% of accounts over thirty days are uncollectible. Chief has a credit balance of $100 in the allowance for doubtful accounts before any year-end adjustments. What is the amount of bad debt expense?

Reference no: EM132386390

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