On January 1 a company had a beginning accounts receivable balance of $120,000 and a beginning credit balance in the allowance for uncollectible accounts of $12,000. During the year they had total credit sales of $200,000 and collected $150,000 cash from customers. They did not have any write-offs during the year. At the end of the year, the company performs an adjusting entry to account for their uncollectible accounts receivable. The company will reserve 10% of their unadjusted accounts receivable balance at the end of the year. What amount of Bad Debt expense will be recorded for the year

answer; i believe that (pastoral society) is the correct answer;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

interest will be charged.