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3. Waterway Co. provides for doubtful accounts based on 2% of gross accounts receivable. The following data are available for 2025 What is the balance

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3. Waterway Co. provides for doubtful accounts based on 2% of gross accounts receivable. The following data are available for 2025 What is the balance in Allowance for Doubtful Accounts at December 31, 2025? Allowance for doubtful accounts 12/31/25 4. At the end of its first year of operations, December 31, 2025, Wildhorse inc. reported the following information. What should be the balance in accounts receivable at December 31,2025 , before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts 5. The following accounts were taken from Sheffield Incis trial balance at December 31, 2025. If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2025

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