AaBbCcDc AaBbCcDc AaBbC AaBb 8- . ITNormal | 1 No Spac Heading 1 Heading Paragraph Part A: A business has the following opening balances at the beginning of the years Accounts receivable Allowance for doubtful accounts $227,500 -34,125 The following summary transactions occurred during the year. Trans Amount $435,000 430,625 27,300 Description sale for the year, 100% on credit. 2 Cash collected on accounts receivable for the year. 3 Write offs of uncollectible accounts receivable. Received a cheque from a customer who was previously written off. The overall rate used to estimate the allowance for doubtful accounts at year end. 4 2,730 14% Using the information, above, and the chart, answer the following questions What is the balance in the accounts receivable account at year end? 01 02 What is the balance in the allowance for doubtful accounts at year end? Enter as a negative number! What is the balance in the bad debt expense account at year end? 03 References Mailings Review View Help Design Layout Tell me what you want to do ayout No Spac Heading 1 Paragraph What is the balance in the allowance for doubtful accounts at year end? Enter as a negative number! What is the balance in the bad debt expense account at year end? 02 03 Assets Liab. Equity Owner's Retained Earnings Capital Profit Revenue Expenses s United States) rch F4 F6 F7 F8 F9 F10 F11 F12