he Bad Debts Expense Allowance tor Bad Uebts S1 37,000 show how net accounts receivable would be reported on the balance sheet at that date lequirement 2. Assume the December 31, 2019. balance of Accounts Receivable Balance Sheet (Partial): Current Assets Choose from any list or enter any number in the input fields and then continue to the next question Rt @ e aE9 4 @.w] O Type here to search up 2018 Dec. 31 Estimated that bad debts expense for the year was 3% of credit sales of $480,000 and recorded that amount as expense. The company uses the allowwance method. Made the closing entry for bad debts expense. 31 Jan. 17 Sold merchandise inventory to Marty White, 5600, on account Ignore Cost of Jun. 29 Wrote off Marty White's account as uncollectible after repeated efforts to collect Aug. 6 Received $600 from Marty White, along with a letter apologizing for being so Dec. 31 Made a compound entry to write off the following accounts as uncollectible: 2019 Goods Sold. from him. late. Reinstated White's account in full and recorded the cash receipt Billy Krupp, $1,500; Maria Bennett, $1,400, and Ronald Richter, $450 Estimated that bad debts expense for the year was 3% on credit sales of $550,000 and recorded the expense. Made the closing entry for bad debts expense 2 31 31 Print Done Read the requirements. Now post the transactions to the two T-accounts. (Enter "O" on the normal side of the account for any zero balances,) Review the journal entries. Allowance for Bad Debts Bad Debts Expense Requirement 2. Assume the December 31, 2019, balance of Accounts Receivable is $137 000. Show how net accounts receivable w Balance Sheet (Partiall: Choose from any list or enter any number in the input fields and then continge to the next question Type here to search Gatter Watches completed the following selected transactions during 2018 and 2019 (Click the icon to vwew the transactions.) Read the tequirements Bad Debts Expense Allowance tor Bad Debts Requirement 2. Assume the December 31,2019, balance of Accounts Receivable is $137,000 Show how net accounts recelvable would be reported on the balance sheet at that date Balance Sheet (Partal Current Assets Choose from any list or enter any number in the input fields and then continue to the next