Accountable for Uncollectible Receivables The following information pertains to Godwin motors, which uses the allowance method for receivables: Required: Assuming that Godwin Motors recorded bad debt expense of $25, 600 in 2012, what amount of accounts receivable were written off in 2012? Prepare the journal entries to record the 2012 bad debt expense and the 2012 write-offs of uncollectable accounts. Assuming that Godwin made all sales on credit, what amount of cash was collected in 2012? Uncollectible Receivables At december 31, Vicki's Designers had gross accounts receivable of $346, 000. Historically, vicki's Designers has estimated bad debt expense as 5% of gross receivables. Required: Calculate bad debt expense for the year, assuming that the allowance account currently has (1) a credit balance of $5, 000 and (2) a debit balance of $1, 200