Question - At January 1, 2018, Betty DeRose, Inc. had an allowance for bad debts with a $3,100 credit balance. During 2018, Betty wrote-off accounts receivable as uncollectible totaling $4,700. The aging schedule below was prepared by Betty DeRose, Inc. at December 31, 2018:
Accounts Receivable % Uncollectible
not past due $150,000 1%
1-30 days past due 55,000 4%
31-60 days past due 24,000 9%
61-90 days past due 13,000 25%
over 90 days past due 6,000 45%
Calculate the amount of bad debt expense recorded by Betty DeRose, Inc. for 2018. Do not use decimals in your answer.