Citrus Distributors have just concluded their first year of operations. They are evaluating their approach to bad debt expense. They currently utilize the aging approach to estimate bad debt expense but would like to compare the results to the percentage of sales approach. The below dashboard presents the two different approaches:

Citrus Distributors have just concluded their first year of operations. They are evaluating their approach to bad debt expense. They currently utilize the aging approach to estimate bad debt expense but would like to compare the results to the percentage of sales approach. The below dashboard presents the two different approaches: Total Sales Breakdown Account Bad Debt Estimate Sales Less Bad Debt Estimate Sales Less Bad Debt Estimate + + a b + e au ?equired: 1. What was the estimated uncollected percentage used to determine the estimated uncollectible amount for each of the aging categories? 2. What percentage of total credit sales was used to estimate bad debt using the percentage of sales approach? 3. What would be the total estimated bad debt under each approach: 4. If the company decides to modify their bad debt approach from the aging method to the percentage of sales method, the amount of bad debt would: Citrus Distributors have just concluded their first year of operations. They are evaluating their approach to bad debt expense. They currently utilize the aging approach to estimate bad debt expense but would like to compare the results to the percentage of sales approach. The below dashboard presents the two different approaches: Total Sales Breakdown Account Bad Debt Estimate Sales Less Bad Debt Estimate Sales Less Bad Debt Estimate + + a b + e au ?equired: 1. What was the estimated uncollected percentage used to determine the estimated uncollectible amount for each of the aging categories? 2. What percentage of total credit sales was used to estimate bad debt using the percentage of sales approach? 3. What would be the total estimated bad debt under each approach: 4. If the company decides to modify their bad debt approach from the aging method to the percentage of sales method, the amount of bad debt would