At the start of 2015 , Accounts Receivable showed a $10,000 debit balance, and the Allowance account showed an $600 credit balance. Data during 2015 follow: x. Sales revenue for the year was $170,000 ( 85000 on account, the rest was cash) b. Collections on account were 68,000 8. On 12/10/15, a customer balance of $1500 from a prior year was written off. d. On 12/31/15, the adjustment was made to estimate bad debts at 2% of credit sales. Calculate the balances in: Allowance What amount related to bad debt shows un on the income statement? Answer: What is the amount of "net" accounts receivable? Answer: t-acct