For 2018, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at December 31, 2017. During 2018, Rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.
- Rahal's accounts receivable at December 31, 2018, are:

Question

Quizplus · Accepted Answer

$\begin{array}{lr}
\text { A/R 12/31/2017 } & 86,500 \
\text { Credit sales } & 404,000 \
\text { Collections } & (408,000) \
\text { Write-offs } & (2,340) \
\text { A/R 12/31/2018 } & \$ 8,160
\end{array}$

For 2018, Rahal's Auto Parts Estimates Bad Debt Expense at 1