7. Freeman Corporation estimates uncollectible accounts using a percentage of outstanding accounts receivable. After th year-end adjustment for bad debt expense was made, the company's records reflected the following information: Accounts written off Collection on accounts previously written off Allowance for uncollectible accounts at January 1 Accounts receivable at December 31 Credit sales Bad debt percentage The bad debt expense for the year was a. $1,100 b. $1,400 c. $1,500 13 13,500 ch receipts? $ 1,600 300 1,700 100,000 900,000 1.5%

7. Freeman Corporation estimates uncollectible accounts using a percentage of outstanding accounts receivable. After year-end adjustment for bad debt expense was made, the company's records reflected the following information