Computing Bad Debt Expense from Transaction Data A company estimates uncollectible accounts using the allowance method. The following is from the current year. - Allowance for Doubtful Accountsi Jantary 1 beginning balance: $508,000 credit - Allowance for Doubtful Accounts, December 31 balance: $491,000 credit - Accounts written off during the year: $88,000 - Unexpected collection of accounts receivable on accounts written off during the year: 55,000 Compute bad debt expense for the year