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17 (5 points) Sales 250,000 Percentage of sales BD 5% Accounts receivable 150,000 AR bad debt percentage 10% = Allowance for BD has a credit
17 (5 points) Sales 250,000 Percentage of sales BD 5% Accounts receivable 150,000 AR bad debt percentage 10% = Allowance for BD has a credit balance 10,000. What is the BD expense under the percentage of receivables method? (enter without commas or decimal places, i.e., 10000) Question 18 (5 points) Sales 250,000 Percentage of sale BD 5% Accounts receivable 150,000 AR bad debt percentage 10% P/ Allowance for bad debt has a debit balance of 5,000. What is the bad debt expense using the percentage of receivables method? Enter without commas or decimal places, l.e., 10000 Question 19 (5 points) Sales Percentage of sales BD Accounts receivable AR bad debt percentage 250,000 5% 150,000 10% Allowance for bad debt has a credit balance of 20,000. What is the bad debt expense using the percentage of receivables method? Enter without commas or decimal places, l.e., 10000 Question 20 (15 points) Purchase price Installation Shipping Residual Value Term Purchase date 35,000 5,000 1,000 1,000 5 years A/ Machine hours life Machine hours used 2021 4/1/2021 20,000 1.500 Using the straight-line method, what is the first-year depreciation? 6,000 8,000 3,000
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