Bramble Corp. had a 1/1/20 balance in the Allowance for Doubtful Accounts of $34000. During 2020, it wrote off $21100 of accounts and collected $5900 on accounts previously written off. The balance in Accounts Receivable was $630000 at 1/1 and $720000 at 12/31. At 12/31/20, Bramble estimates that 6% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2020?
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Bramble Corp. had a 1/1/20 balance in the Allowance for Doubtful Accounts of $34000. During 2020, it...
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