2. Accounts Receivable: Multiple Choice and T-accounts Ringo Company had the following information relating to net credit sales for 2017 Table 2 Allowance for doubtful accounts ts receivable, Jan. 1, 2017 $18,000 Dr Dec. 31, 2017 prior to adjustment Cr 95 87 27,000 t credit sales during 2017 sh sales during 2017 3% of net credit sales, the bad-debt expense for 2017 would be (Circo the most appropriate ons on account during 2017 1) Referring to Table 2, if uncollectible accounts are determined by the percent-of-sales method to be answer): A) $2.850. B) $3,450 C) $2,250 D) $600. 2) Based on the above result (1), what would the T-accounts look like during 2017 for the Allowance for doubtful Accounts and Accounts Receivable? Allowance for doubtful Accounts Accounts receivable 3) Referring to Table 2, if uncollectible accounts are determined by the aging of receivables to be $3,450, the amount of net accounts receivable after adjusting entries for 2017 would be (Circle the most appropriate answer): A) $13,950 B) $15,150 C) $17,400. D) $22,550. 4) Referring to Table 2, if uncollectible accounts as determined by the aging of receivables method amounts to $3,040, the bad-debt expense for 2017 would be (Circle the most appropriate answer): A) $3,640. B) $2,440 C) $3,040 D) $600