Business, 07.04.2020 17:00 jaliyahmw

At year-end, Chief Company has a balance of $28,000 in accounts receivable of which $2,800 is more than 30 days overdue. Chief has a credit balance of $290 in the allowance for doubtful accounts before any year-end adjustments. Using the aging of accounts receivable method, Chief estimates that 1.5% of current accounts and 9% of accounts over thirty days are uncollectible. What is the amount of bad debt expense?

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At year-end, Chief Company has a balance of $28,000 in accounts receivable of which $2,800 is more t...