At year end, Chief Company has a balance of $11,000 in account receivable of which $1,100 is more than 30 days overdue. Chief has a credit balance of $100 in the allowance for doubtful accounts before any year-end adjustments. Chief estimates that 2.0% of current accounts and 11% of accounts over thirty days are uncollectible. How much is bad debt expense?
At year end, Chief Company has a balance of $11,000 in account
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