Bonita Industries prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $904000. Additional information is available as follows:
Allowance for uncollectible accounts at 1/1/20âcredit balance $101500
Accounts written off as uncollectible during 2020 69500
Accounts receivable at 12/31/20 966500
Uncollectible accounts recovered during 2020 14000
For the year ended December 31, 2020, Bonita's bad debt expense would be:
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