Question: Calculate Joy's bad debt expense for Year 1 using the percentage of credit sales method for estimating uncollectible accounts. 1 % of accounts receivable aged

Calculate Joy's bad debt expense for Year 1 using the percentage of credit sales method for estimating uncollectible accounts.
1% of accounts receivable aged 1 year or less
2.5% of accounts receivable aged 1-2 years
4% of accounts receivable aged 2+ years
The beginning balance in allowance for doubtful accounts is $1,254. Assuming write offs this year totaled $1,188, what is Eleazar's bad debt expense for the year?

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