Question
Beginning accounts receivable 155,000 Beginning allowance for doubtful accounts 5,430 Sales 2,057,000 Collections on account 1,777,000...
| Beginning accounts receivable | 155,000 |
| Beginning allowance for doubtful accounts | 5,430 |
| Sales | 2,057,000 |
| Collections on account | 1,777,000 |
| Accounts written off | 9,720 |
| Collections of accounts previously written off | 3,300 |
| Current balance of bad debt expense | 0 |
| Uncollectible accounts as a percentage of receivables | 3% |
The accountant for Company A generated the above information. Using the balance sheet approach, what is the ending balance of bad debt expense for the year?
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