A trial balance before adjustments included the following: Debit Credit Sales $ 500,000 Accounts receivable $ 367,000 Allowance for doubtful accounts 4,200 The estimate of uncollectible accounts is made by taking 4% of gross accounts receivable. Requirements: 1. Based on given information, what is the amount of bad debt expense (.e., the amount of period-end adjustment)? (2.5 points) Answer: A/ 2. Based on given information, what is the ending net realizable value for accounts receivable? (2.5 points) Answer: A 3. Assume that the allowance for doubtful accounts has a $2,000 debit balance before adjustment and other things being equal. Based on the new assumption, what is the amount of bad debt expense (ie the amount of period-end Requirements: 1. Based on given information, what is the amount of bad debt expense (l.e., the amount of period-end adjustment)? (2.5 points) Answer: 2. Based on given information, what is the ending net realizable value for accounts receivable? (2.5 points) Answer: 3. Assume that the allowance for doubtful accounts has a $2,000 debit balance before adjustment and other things being equal. Based on the new assumption, what is the amount of bad debt expense (i.e., the amount of period-end adjustment)? (2.5 points) Answer: A