Business, 21.03.2020 10:01 nessross1018

Crimson Inc. recorded credit sales of $811,000, of which $580,000 is not yet due, $140,000 is past due for up to 180 days, and $91,000 is past due for more than 180 days. Under the aging of receivables method, Crimson Inc. expects it will not collect 4% of the amount not yet due, 11% of the amount past due for up to 180 days, and 27% of the amount past due for more than 180 days. The allowance account had a debit balance of $3,800 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account?

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Crimson Inc. recorded credit sales of $811,000, of which $580,000 is not yet due, $140,000 is past d...

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