Computing Bad Debt Expense from Transaction Data Modern Oil estimates uncollectible accounts using the allowance method. The following pertains to its year 2020. . Allowance for Doubtful Accounts, December 31, 2019, balance: $508,000 credit . Allowance for Doubtful Accounts, December 31, 2020, balance: $491,000 credit Accounts formally authorized to be written off in 2020: $88,000 . Unexpected collection of accounts receivable on accounts written off in 2020: $5,000 Compute bad debt expense in 2020 for this company $ 0 Check