As of January 1,2024, Barley Company had a credit balance of $529,000 in its allowance...

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Accounting

As of January 1,2024, Barley Company had a credit balance of $529,000 in its allowance for uncollectible accounts. Based on experience, 2% of Barley's gross accounts receivable have been uncollectible. During 2024, Barley wrote off $659,000 of accounts receivable. Barley's gross accounts receivable as December 31,2024 is $18,450,000.
In its December 31,2024, balance sheet, what amount should Barley report as allowance for uncollectible accounts?

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