ACCT301-INTERMEDIATE ACCOUNTING I Dashboard/My courses/ 2020-Fall / Faculty of Business Administration / Accounting/F20-ACCT301 Week 14/ Exam Chapters 6-7 Question 5 Not yet West Company had the following account balances at December 31, 2013, before recording bad debt expense for the year Accounts receivable $900,000 Mark out 1.00 Allowance for uncollectible accounts (credit balance) Credit sales for 2013 16,000 1,750,000 Pagation West is considering the following methods of estimating bad debts for 2013 Based on 2% of credit sales Based on 5% of year-end accounts receivable What amount should West charge to bad debt expense at the end of 2013 under each method O a Percentage of Credit Sales $35,000 Percentage of accounts receivable $45,000 O b. Percentage of Credit Sales $51,000 Percentage of accounts receivable $45,000 c. Percentage of Credit Sales $35,000 Percentage of accounts receivable $29.000 Od Percentage of Credit Sales $51,000 Percentage of accounts receivable $29.000 Clear my choice Class Amat O Next pag 1815