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Calculate the bad debt expense for the year

The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December

31, 20x6:

Age Balance %

uncollectible

0-30 days $674,000 0.5%

31-60 days 186,000 1.2%

61-90 days 65,400 10%

91-120 days 19,500 50%

Over 120 Days 7,800 75%

$952,700

The balance in the allowance for doubtful accounts at the beginning of the year was $31,150 (cr). The following transactions were recorded during the year:

Accounts receivable written off 34,500

Recoveries of accounts receivable written off as uncollectible in prior periods

2,300

Required –

Calculate the bad debt expense for the year 20x6.

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