2. The following data are from companys records at December 31, 2013: Credit sales during 2013 $ 3,100,000 Sales returns 100,000 Accounts receivableDecember 31, 2013 224,000 Allowance for doubtful accounts after write-off and before adjustment at December 31, 2013 6,700 Estimated uncollected accounts based on an aging analysis 7,200

If the aging method is used to estimate bad debts, what amount should be recorded as bad debt expense for 2013? What is the balance of net realizable value of accounts receivable at 12/31/2013?

If the company estimates its bad debts at 1% of net credit sales, what amount will be reported as bad debt expense for 2013?