Question: On December 3 1 , 2 0 1 4 , Ngo Company had balances in Accounts Receivable and Allowance for Doubtful Accounts of $ 2

On December 31,2014, Ngo Company had balances in Accounts Receivable and Allowance for Doubtful Accounts of $28,500 and $940, respectively. During 2015, the company wrote off $820 in accounts receivable and estimated that 4% of its accounts receivable would be delinquent. Bad debt expense for 2015 would be:
Group of answer choices
$1,140.
$1,260.
$820.
$1,020.

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