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Sheridan Corporation had a 1/1/25 balance in the Allowance for Doubtful Accounts of $44000. During...

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Accounting

Sheridan Corporation had a 1/1/25 balance in the Allowance for Doubtful Accounts of $44000. During 2025, it wrote off $32000 of accounts and collected $8350 on accounts previously written off. The balance in Accounts Receivable was $785000 at 11 and $925000 at 1231. At 1231?25, Sheridan estimates that 6% of accounts receivable will prove to be uncollectible. What is bad debt expense for 2025?
$55500.
$43500.
$35150.
$11500.
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