2. John Den Bear Company had a $450,000 beginning balance in Accounts Receivable and a $18,000 credit balance in the Allowance for Doubtful Accounts. During the year, credit sales were $1,800,000 and customers' accounts collected were $1,770,000. Also, $12,000 in worthless accounts were written off. 3. What was the net amount of receivables included in the current assets at the end of the year, before any provision was made for doubtful accounts? A) $390,000 B) $378,000 $462,000 D) $240,000 Assume the following unadjusted account balances at the end of the accounting period for Emmie Company: Accounts Receivable, $300,000; Allowance for Doubtful Accounts, $4,200 (debit balance); and Net sales, $3,600,000. If Emmie's past experience indicates credit losses of 1% of net sales, the adjusting entry to estimate doubtful accounts is: A) Bad Debts Expense 36,000 Accounts Receivable 36,000 B) Bad Debts Expense 31,800 Allowance for Doubtful Accounts 31,800 C) Bad Debts Expense 40,200 Allowance for Doubtful Accounts 40,200 D) Bad Debts Expense 36,000 Allowance for Doubtful Accounts 36,000