Question: Davis Company performs an aging analysis to determine the amount of its bad debts expense to record at the end of each year. At

Davis Company performs an aging analysis to determine the amount of its

Davis Company performs an aging analysis to determine the amount of its bad debts expense to record at the end of each year. At the end of the current year the company's aging schedule appeared as follows: Current receivables Past-due receivables 1-30 days 31-60 days 61-90 days 91+ days Accounts Receivable $11,000 1,650 3,050 980 630 Fraction estimated to be uncollectible 1% 2% 6% 25% 40% Davis's Allowance for Doubtful Accounts had a credit balance of $260 before adjustment. What is the amount of Davis's bad debt expense for the year?

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