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What is the amount of bad debt expense

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Problem - At year-end, Coral Company has a balance of $10,000 in accounts receivable of which $8,000 is current and $2,000 is more than 30 days overdue. Using the aging of accounts eceivable method, Coral estimates that 2% of current accounts and 10% of accounts over thirty days are uncollectible. Coral has a credit balance of $200 in the allowance for doubtful accounts before any year-end adjustments. What is the amount of bad debt expense?

Reference no: EM132977837

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