17] A company has $321,000 in credit sales. The company uses the allowance method and the percentage of sales method to account for uncollectible accounts. The Allowance for Uncollectible Accounts now has an $8,150 debit balance. If the company estimates 5% of credit sales will be uncollectible, what will be the amount of the journal entry to record bad debt expense? [A] $24,200 B] $7,900 IC] $16,050 [D] $8,150 Snow Productions, Inc. reports a balance of $28,000 in Accounts Receivable $3,450 in the Allowance for Uncollectible Accounts. What is the net realiza? value of the receivables? [A] $3,450 B] $28,000 [C] $31,450 [D] $24,550