Homework Answers
Estimated Bad Debt Expense for 2018 is 0.40 % of Credit sales of 2018
= 0.40% * $ 319,000
= $ 1,276
Now the total balance in Allowance for uncollectible accounts should be as follows:-
Op Balance of Allowance for uncollectible accounts + Estimated Bad Debts for 2018 - Account receivable written off in 2018
= $ 1,500 + $ 1,276 - $ 1,730
= $ 1,046
Hence the answer should be option C $ 1,046
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