Vasguez Corporation had a 1\1\10 balance in the Allowance for Doubtful Accounts of $20,000.During 2010, it wrote off $14,400 of accounts and collected $4,200 on accounts previously written off.The balance in Accounts Receivable was $400,000 at 1\1 and $480,000 at 12\31.At 12\31\10, Vasguez estimates that 5% of accounts receivable will prove to be uncollectible.What is Bad Debt Expense for 2010?

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The Answer of Vasguez Corporation had a 1\1\10 balance in the Allowance for Doubtful Accounts of $20,000.During 2010, it wrote off $14,400 of accounts and collected $4,200 on accounts previously written off.The balance in Accounts Receivable was $400,000 at 1\1 and $480,000 at 12\31.At 12\31\10, Vasguez estimates that 5% of accounts receivable will prove to be uncollectible.What is Bad Debt Expense for 2010?

Vasguez Corporation Had a 1\1\10 Balance in the Allowance for Doubtful