eBook A Prin Question 15 Not complete Marked out of 3.00 P Flag question Allowance Method The Huntington Company, which has been in business for three years, makes all of its sales on account and does not offer cash discounts. The firm's credit sales, collections from customers, and write-offs of uncollectible accounts for the three-year period are summarized below: Year Sales Collections Accounts Written Off 2012 5630.000 5574.000 200 2013 300.000 760,000 6.200 2014 $70.000 844,000 Required If the Huntington Company had used the allowance method of recognizing credit losses and had provided for such losses at the rate of 12 percent of credit sales, what amounts in Accounts Receivable and the Allowance for Doubtful Accounts would appear on the firm's balance sheet at the end of 2014? What total amount of bad debts expense would have appeared on the firm's income statement during the three year period? Balance in Accounts Receivable at year end, 2014 Allowance for Doubtful Accounts Balance at year end 2014 Bad Debts Expense Check Previous Save Answers Finish attempt