Dean Art is a new business.During its first year of operations,credit sales were $41,000 and collections of credit sales were $34,000.One account,$725,was written off.Management uses the aging-of-receivables method to account for bad debts expense and estimated $500 as uncollectible at year end.The ending balance of the Allowance for Bad Debts is ________.

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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 $34,000.One account,$725,was written off.Management uses the aging-of-receivables method to account for bad debts expense and estimated $500 as uncollectible at year end.The ending balance of the Allowance for Bad Debts is ________.

Dean Art Is a New Business