Dean Art is a new business.During its first year of operations,credit sales were $41,000 and collections of credit sales were $38,000.One account,$725,was written off.Management uses the aging-of-receivables method to account for bad debts expense and estimated $525 as uncollectible at year end.The ending balance of the Allowance for Bad Debts is ________.

Question

Quizplus · Accepted Answer

The Answer of Dean Art is a new business.During its first year of operations,credit sales were $41,000 and collections of credit sales were $38,000.One account,$725,was written off.Management uses the aging-of-receivables method to account for bad debts expense and estimated $525 as uncollectible at year end.The ending balance of the Allowance for Bad Debts is ________.

Dean Art Is a New Business