eBook Print Question 13 Not complete Maried out of 3.00 P Hagen Allowance Method Fullerton 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 ddns Year Sales 2012 $310.000 2013 000 2014 450.000 Collections Accounts written on $2,200 80.000 30 407.000 270 Required of Fullerton Company had used the allowance method of recognizing credit losses and had provided for such losses at the rate of 1.2 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 3 0 Allowance for Dout Accounts Balance a year end 2014 Bad Debts Expense Check Next Previous Save Answers