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The following information is from the 2020 records of R & S Commercial Plumbing Company:...

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Accounting

The following information is from the 2020 records of R & S Commercial Plumbing Company:

Accounts receivable, December 31, 2020

$42,000 (debit)

Allowance for Bad Debts, December 31, 2020 prior to adjustment

1,300 (debit)

Net credit sales for 2020

176,000

Accounts written off as uncollectible during 2017

18,000

Cash sales during 2020

28,000

Bad debts expense is estimated by the

percentof-sales method. Management estimates that 3% of net credit sales will be uncollectible. Calculate the amount of bad debts expense for 2020.

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