Dortmund Stockyard reports $569,671 in credit sales for 2018 and $557,666 in 2019. It has...
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Accounting
Dortmund Stockyard reports $569,671 in credit sales for 2018 and $557,666 in 2019. It has a $435,144 accounts receivable balance at the end of 2018, and $443,720 at the end of 2019. Dortmund uses the balance sheet method to record bad debt estimation at 6% during 2018. To manage earnings more favorably, Dortmund changes bad debt estimation to the income statement method at 7% during 2019. Determine the bad debt estimation for 2018. Round to the nearest whole dollar, no decimal places.
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