On January 1, 2026, Triangle Corp. has the following account…
On January 1, 2026, Triangle Corp. has the following account balances: Accounts Receivable 21,000 Allowance for Bad Debts 1,200 Bad Debts Expense During the year, Triangle has $160,000 of credit sales, collections of credit sales of $140,000, and write-offs of $3,400. It records Bad Debts Expense at the end of the year using the aging-of-receivables method. At the end of the year, the aging analysis shows that $2,200 is the estimate of uncollectible accounts. Before the year-end entry to adjust Bad Debts Expense is recorded, the balance in the Allowance for Bad Debts account is ________.