On average, 5% of total accounts receivable has been uncollectible in the past.

On average, 5% of total accounts receivable has been uncollectible in the past. At the end of the year, the balance of accounts receivable is $260,000 and the allowance for doubtful accounts has an unadjusted credit balance of $1,300. It is estimated that 5% of credit sales are uncollectible, credit sales during the year were $310,000. Using the aging of accounts receivable method, the estimated bad debt expense would be: rev: 03-02-2011 $14,300. $11,700. $15,500. $13,000.