Estimating Uncollectible Accounts and Reporting Receivables over Multiple Periods Weiss Company, which has been in business for three years, makes all of its sales on credit and does not offer cash discounts. Its credit sales, customer collections, and write?offs of uncollectible accounts for its first three years follow.

Year	Sales	Collections	Accounts Written Off
2018	$879,600	$859,200	$6,360
2019	1,028,400	1,010,400	6,960
2020	1,134,000	1,113,600	7,800

a. Weiss recognizes bad debts expense as 1% of sales. (Hint: This means the allowance account is increased by 1% of credit sales regardless of any write?offs and unused balances.) What does Weiss's 2020 balance sheet report for accounts receivable and the allowance for uncollectible accounts?(Hint: To determineallowance for uncollectible accountsamount, compute answers for part b.) Note: Round your answers to the nearest whole dollar. Note: Do not use a negative sign with your answers.

Current Assets
Accounts receivable	Answer
Less allowance for uncollectible accounts	Answer	Answer

b. What total amount of bad debts expense appears on Weiss's income statement for each of the three years?

2018	Bad debt expense	Answer
2019	Bad debt expense	Answer
2020	Bad debt expense	Answer

Estimating Uncollectihle Accounts and Reporting Receivables over Multiple Periods Weiss Company, which has been in business for three years, makes all of its sales on credit and does not offer cash discounts. Its credit sales, customer collections, and write-offs of uncollectible accounts for its first three years follow. Vear sales c ctinns Accuuntswrittenoff 2018 ' $879,600 $859,200 5,360 2019 ' 1,028,400 1,010,400 5,950 2020 1,134,000 1,113,600 7,800 a. Weiss recognizes bad debts expense as 1% of sales. (Hint: This means the allowance account is increased by 1% of credit sales regardless of any write-offs and unused balances) What does Weiss's 2020 balance sheet report for accounts receivable and the allowance for uncollectible accounts? (Hint: To determine allowance for uncollecn'ble accounts amount, compute answers for part b.) Not * Round your answers to the nearest whole dollar. Note: Do not use a negative sign with your answers. current Assets Accounts receivable l s 0 Less allowance for uncollectible accounts 0 0 b. What total amount of bad debts expense appears on Weiss's income statement for each of the three years? 2018, Bad debt expense S 0 2019 Bad debt expense 0 2020 Bad debt expense 0