1) Given the following information for these two companies, calculate the required amounts: Company A Gross Accounts Receivable at Dec. 31st Revenues Bad Debt Write-Offs Allowance for Doubtful Accounts at Jan. 1st $870 $6,300 $130 $150 credit Company A calculates bad debt expense as 2% of revenues. Bad debt expense is recorded on December 31st of each year. Company B Allowance for doubtful accounts at Dec. 31st BEFORE Adjustments $15 debit At December 31st Gross Accounts Receivable Percent Estimated to be Uncollectible 60 days old $400 $250 $150 1% 5% 10%