10. On December 31, 2012, Coolwear Inc. had balances in Accounts Receivable and Allowance for...
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10. On December 31, 2012, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940, respectively. During 2013, Coolwear wrote off $820 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,140 at December 31, 2013. Bad debt expense for 2013 would be: A. $320. B. $1,140. C. $820. D. $1,020
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