Business

Patrick Stout

2 March, 03:20

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $660 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debt expense for the year should be:

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