At January 1, 2019, Betty DeRose, Inc. reported an allowance for bad debts with a...
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At January 1, 2019, Betty DeRose, Inc. reported an allowance for bad debts with a $9,000 credit balance. During 2019, Betty DeRose wrote-off as uncollectible accounts receivable totaling $16,000. At December 31, 2019, Betty DeRose prepared the following aging schedule: Accounts Receivable % Uncollectible not past due $150,000 3% 1-45 days past due 65,000 8% 46-90 days past due 45,000 12% 91-135 days past due 20,000 25% over 135 days past due 6,000 80% Calculate the amount of bad debt expense recorded by Betty DeRose, Inc. for 2019.
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