Question: I don't know if that's the right answer. At first I got $27,778 and it was marked wrong 3. Pearl Co. provides for doubtful accounts

I don't know if that's the right answer. At first I got $27,778 and it was marked wrong

3. Pearl Co. provides for doubtful accounts based on 2% of gross accounts receivable, The following data are available for 2020. Credit sales during 2020 Bad debt expense Allowance for doubtful accounts 1/1/20 Collection of accounts written off in prior years (customer credit was reestablished) Customer accounts written off as uncollectible during 2020 $1,489,400 58,940 17,240 8,470 27,720 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ 56930

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