During its first year of operations, Turning Leaves Furniture Restoration eamed net credit sales of $318,000. Industry experience suggests that bad debts will amount to 2% of net credit sales. At December 31, 2024, accounts receivable total $42,000. The company uses the allowance method to account for uncollectibles. Read the requirements Dec 31 Bad Debts Expense Allowance for Bad Debts Recorded bad debts expense for the period 3180 3180