As of january 1, 2021, barley co. had a credit balance of $520,000 in its allowance for uncollectible accounts. based on experience, 2% of farley's gross accounts receivable have been uncollectible. during 2021, farley wrote off $650,000 of accounts receivable. barley's gross accounts receivable as december 31, 2021 is $18,000,000. how much bad debt expense should barley record for 2021?
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As of january 1, 2021, barley co. had a credit balance of $520,000 in its allowance for uncollectibl...
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