What will be the bad debt expense for the year

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Reference no: EM131288427

The following information relates to a company’s accounts receivable: accounts receivable balance at the beginning of the year, $390,000; allowance for uncollectible accounts at the beginning of the year, $28,000 (credit balance); credit sales during the year, $1,400,000; accounts receivable written off during the year, $19,000; cash collections from customers, $1,300,000. Assuming the company estimates that future bad debts will equal 11% of the year-end balance in accounts receivable.

The year-end balance in the allowance for uncollectible accounts is $51810

What will be the bad debt expense for the year.

Reference no: EM131288427

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