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10. Didaco Co. had the following account balances at December 31, 2011: Accounts receivable 900.000 Allowance for doubtful accounts (before any provision for 2011 doubtful

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10. Didaco Co. had the following account balances at December 31, 2011: Accounts receivable 900.000 Allowance for doubtful accounts (before any provision for 2011 doubtful accounts expense) 16,000 Credit sales for 2011 1,750,000When is considering the following methods of estimating doubtful accounts expense for 2011: Based on credit sales at 2% Based on accounts receivable at 5% What amount should Didaco charge to doubtful accounts expense under each method? Percentage of credit sales Percentage of accounts receivable

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