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What is the Belgrades bad debt expense

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Question - The accounting records of Belgrade Company provided the following data for 2016 from its unadjusted trial balance:

Accounts receivable, Jan. 1, 2016: $180,000

Allowance for uncollectible accounts, Jan. 1, 2016: 8,000 credit

Cash sales during 2016: 1,200,000

Credit sales during 2016: 1,000,000

Cash collections from credit sales during 2016: 760,000

Accounts written off as uncollectible during 2016: 5,000

On December 31, 2016, the firm's fiscal year end, Belgrade determined that 2% of the ending balance in accounts receivable would be uncollectible. What is the Belgrade's bad debt expense for 2016?

Reference no: EM132494237

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