On December 31, 2024, a company had balances in Accounts Rec…
On December 31, 2024, a company had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940, respectively. During 2025, the company wrote off $820 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,140 at December 31, 2025. Bad debt expense for 2025 would be: