A newly created design business, Teri's Art, is finishing its first year of operations. During the year, credit sales were $ 42,000 and collections of credit sales were $ 34,000. One account for $ 650 was written off. Teri's Art uses the aging-of-receivables method to account for bad debts expense. It has estimated $ 200 as uncollectible at yearminusend. What is the amount of the Bad Debts Expense for the first year of operations?
