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As of January 1, 2024, Barley Company had a credit balance of $420,000 in its...

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Accounting

As of January 1, 2024, Barley Company had a credit balance of $420,000 in its uncollectibie accounts. During 2024, a customer went so Barley wrote $350,000 of accounts receivable that uncollectible. Barley's gross receivable as Decerriber 31, 2024 is $18,000.000. Based on experience, 2% of Barley aross accounts receivable have How much bad debt expense should Barley record for 2024? Multiple Choice

290,000

230000

880000

360000

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