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Accounts receivable $525,000 Allowance (40,000)Cash realizable ...

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Accounting

Accounts
receivable
$525,000
Allowance
(40,000)Cash realizable
value
$485,000During 2016, sales on account were
$145,000 and collection on account were $100,000, Also during 2016,
the company wrote off $5,000 in uncollectible accounts. An analysis
of outstanding receivable accounts at year end indicated that
uncollectible accounts should be estimated at $45,000.Bad debt expense for 2016 is:

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