At the beginning of 20x7, the accounts receivable had a beginning balance of $20,000 and allowance...

 

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At the beginning of 20x7, the accounts receivable had a beginning balance of $20,000 and allowance for doubtful accounts had a beginning credit balance of 3,000. The following information occurs throughout the year of 20x7. Provided $77,019 of services all on account. Collected $46,480 from customers. Wrote off $10,075 of customers as uncollectible. Based on a year-end analysis, estimated that 5% of ending accounts receivable were uncollectible. What should the amount be recorded for bad debt expense? Round to the nearest dollar (no pennies). At the beginning of 20x7, the accounts receivable had a beginning balance of $20,000 and allowance for doubtful accounts had a beginning credit balance of 3,000. The following information occurs throughout the year of 20x7. Provided $77,019 of services all on account. Collected $46,480 from customers. Wrote off $10,075 of customers as uncollectible. Based on a year-end analysis, estimated that 5% of ending accounts receivable were uncollectible. What should the amount be recorded for bad debt expense? Round to the nearest dollar (no pennies).

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