Industrial Equipment Supply is a new business.During its first year of operations,credit sales were $41,000 and collections of credit sales were $33,000.One account,$675,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 ________.

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The Answer of Industrial Equipment Supply is a new business.During its first year of operations,credit sales were $41,000 and collections of credit sales were $33,000.One account,$675,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 ________.

Industrial Equipment Supply Is a New Business