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B 3531 Woods Company recently reported the following amounts in its unadjusted trial balance as of December 31, 2021 Accounts Receivable $4,500 dr Allowance
B 3531 Woods Company recently reported the following amounts in its unadjusted trial balance as of December 31, 2021 Accounts Receivable $4,500 dr Allowance for Doubtful Sales (assume all on credit) Accounts $156 cr $41,200 cr Assuming Woods uses the aging of accounts receivable method and estimates that $210 of its Accounts Receivable will be uncollectable, determine the following: (DO NOT use dollar signs ($) or commas () in your responses, just simply type the number with no formatting (ie 10000). Round all answers to the nearest dollar) 1. the amount of bad debt expense that would be recorded in the journal entry required at December 31, 2021. (1 point) 2. the amount of bad debt expense that would be recorded in the journal entry required at December 31, 2021 if the unadjusted balance in Wood's Allowance for Doubtful Accounts was actually a debit balance of $15. (1 point)
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