Problem - The CHS Company has provided the following information:
- Accounts receivable written-off as uncollectible during the year amounted to $11,500.
- The accounts receivable balance at the beginning of the year was $150,000.
- The accounts receivable balance at the end of the year was $210,000.
- The allowance for doubtful accounts balance at the beginning of the year was $14,000.
- The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900.
- Credit sales during the year totaled $900,000.
How much was CHS Company's bad debt expense?