1. Compute bad debt expense for the year (rounding to the nearest whole number). x

Bad Debt Expense: Bradford Plumbing Credit sales Percentage of Credit Sales Method had the following data for a recent year: Allowance for doubtful accounts, 1/1 (a credit balance) Accounts receivable, 1/1 Collections on account receivable Accounts receivable written off Bradford estimates that 2.7% of credit sales will eventually default. Required: $547,900 8,740 42,340 489,770 14,250 1. Compute bad debt expense for the year (rounding to the nearest whole number). x 114,793 2. Determine the ending balances in accounts receivable and allowance for doubtful accounts. Ending Balance Accounts receivable Allowance for doubtful accounts 86,220 9,283