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How much bad debt expense Carolines Collectibles report

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Question - Caroline's Collectibles estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Caroline's Collectible computes a total of $6,720 in estimated losses as of December 31, 2016. Its Accounts Receivable account has a balance of $ 225,600 and its Allowance for Uncollectible Accounts has an unused balance of $960 before adjustment at December 31, 2016. How much is bad debt expense that Caroline's Collectibles will report in 2016?

Reference no: EM132521351

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