Question: Question 3 (1 point) Maple Co. provides for bad debts expense at the rate of 5.13% of ending Accounts Receivable. On Jan 1, 20X1,

Question 3 (1 point) Maple Co. provides for bad debts expense at

Question 3 (1 point) Maple Co. provides for bad debts expense at the rate of 5.13% of ending Accounts Receivable. On Jan 1, 20X1, the Allowance for Bad Debts was $6,000. There were $16,000 of accounts written off during the year. Credit sales for the year were $650,000. Ending Accounts Receivable was $155,000. What is the balance in the Allowance for Bad Debts account?

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