Account Receivable Problem SAMPLE QUESTION FOR TEST Sales Approach On December 31, 2020, Company ABC has the following information as presented below Credit $ Account A/C Receivable ADA Sales ($28,500 cash sales] Debit $ 21,000 3,300 114,000 Required PART 1 [Use 2 %sales Approach] A. Calculate Credit sales B. Calculate bad debt C. Journalize the bad debt and the Allowance for doubtful debt D. Post them on T - account E. Show the balance extract for the account receivable