On January 1,2020 , Contrest Company's allowance for uncollectible accounts had a credit balance of...
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Accounting
On January 1,2020 , Contrest Company's allowance for uncollectible accounts had a credit balance of $50,000. During 2020 , Contrell wrote off uncoliectible accounts of 580,000 . On December 31, 2020 , Contreifs uncoliectiole account anatysis indicated that 560,000 of accounts receivable were estimated to not be colloctible as or December 31,2020 . Yhatis the bad debt expense that Contrell should report on its 2020 income statement? A. 590,000 sin530.000 cos120.000 10,5140,000
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