At the end of 2011 Samuda reported a balance in acct. receivable of $620,000 and estimated that $12,400 of this acct would likely be uncollectible. The allowance for doubtful accounts has a $1,500 debit balance at year end.
1. What amount of bad debt expense should be recorded for 2011?
2. What amount will be reported on the 2011 balance sheet for accounts receivables?
