Reference no: EM132462701

Baltimore Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of:

Dollar Value.          Age of Account                           Estimated Collectible.

$200,000.          < 30 days old                                           98%

$65,000.            30 to 60 days old                                       94%

$30,000             61 to 120 days old                                      79%

$13,000               > 120 days old                                          11%

Question 1: The current unadjusted Allowance for Uncollectible Accounts balance is a debit balance of $2,000 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in the Allowance for Doubtful Accounts? Round to nearest whole dollar.