May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows: Allowance for uncollectible accounts at 1/1/07credit balance: $ 34,000Accounts written off as uncollectible during 2007: 23,000Accounts receivable at 12/31/07: 325,000 Uncollectible accounts recovered during 2007: 5,000 For the year ended December 31, 2007, May’s bad debt expense would be………….
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