At December 31, 2017, Chambers Co. has gross accounts receivable of $127,000. There is a $10,000 credit balance in the allowance for doubtful accounts. Historically, bad debt expense has averaged 15% of accounts receivable. The allowance for doubtful accounts at December 31, 2017 is

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The Answer of At December 31, 2017, Chambers Co. has gross accounts receivable of $127,000. There is a $10,000 credit balance in the allowance for doubtful accounts. Historically, bad debt expense has averaged 15% of accounts receivable. The allowance for doubtful accounts at December 31, 2017 is