At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $311,000 and $970 (debit) in Allowance for Uncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for the year should be:

The bad debt expense for the year is $7,150

Explanation:

The computation of the bad debt expense for the year is shown below:

= Account receivable × given percentage + debit balance in Allowance for Uncollectible Accounts

= $311,000 × 2% + $930

= $6,220 + $930

= $7,150

Hence, the bad debt expense for the year is $7,150

We simply applied the above formula

our agriculture industry and our business industry

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.