books as of March 31st. HIU LI Lash balance on the company's Problem 2 (12.5 Points) ABC Company has the following information for the month ended and as of March 31 st. Sales for the month were $250,000 Accounts receivable as of the end of the month was $500,000 The balance in the allowance for uncollectible accounts was $7,500 as of the end of the month Sales returns and allowances for the month were $5,000 A. Calculate the bad debt expense for the month of March using 5% of net sales B. Record the journal entries and make T-Accounts based on your answer to A above C. Calculate the bad debt expense for the month of March using 3% of net accounts receivable D. Record the journal entries and make T-Accounts based on your answer to C above