eBook Print Item Schedule of Bad Debt Expense Final Question Call Systems Company, a telephone service and supply company, has just completed its fourth year of operations. The of recording has been used during the entire period. Because of substantial increases in sales volume and the amount of uncolectible accounts, the considering changing to the debt expense reported for each of the past four years. It is also considered desirable to know what the balance of A the end of each year. The following data have been obtained from the accounts company is information is requested as to the effect that an annual provision of 1% of sales would have had on the amount of bad would have been at Years of Origin of Accounts Receivable 1st $ 897,100 2nd 1,245,700 3rd 1,488,500 4th 2,115,100 $4,540 9,270 12,430 $4,540 2,550 $6,720 980 3,560 $7.890 17,830 1,860 4,760 $11,210 Required: 1. Assemble the desired data to prepare a schedule of bad debt expense. Enter decreases as negative numbers using a minus sign 2. Experience during the first four years of operations indicated that the recelvables were either colected within two years or had to be wrten off as uncollectible. Does the estimate of 1% of sales appear to be reasonably cose to the actual experience with uncollectible accounts (Pr 1050PM 402/26/2019