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Current Attempt in Progress The records of Blue Spruce Company at the end of the current year show Accounts Receivable $63,900, Credit Sales $664,200; and

image text in transcribed Current Attempt in Progress The records of Blue Spruce Company at the end of the current year show Accounts Receivable $63,900, Credit Sales $664,200; and Sales Returns and Allowances $32,800. (a) If Blue Spruce uses the direct write-off method to account for uncollectible accounts and Blue Spruce determines that Matisse's $738 balance is uncollectible, what will Blue Spruce record as bad debt expense? (b) Bad debt expense $ If Allowance for Doubtful Accounts has a balance of $902 and Blue Spruce concludes bad debts are expected to be 10% of accounts receivable, what will Blue Spruce record as bad debt expense? Bad debt expense $ eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit

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