Reporting Accounts Receivable Nomad Corporation reported credit sales of $435,000 in 2001 and collected

$350,000 prior to year-end. Bad debt expense equal to 2 percent of credit sales was recorded during 2001. A total of

$7,100 of accounts receivable was written off as uncollectible during the year.

a. What amount of bad debt expense should be recorded for 2001?

b. If the January 1 balance in accounts receivable was

$69,000, what is the balance in accounts receivable at December 31, 2001?

c. If Nomad reported a balance of $900 in its allowance for uncollectible accounts at January 1, what is the balance at December 31?