H.W I.ACCT 301 Chapter 3 Q(1): Allowance for doubtful accounts You were provided with the following information: Account receivable at dec. 31, 2021 $350,000 Allowance for doubtful account at dec. 31, 2021 $ 2,000 $500,000 Total credit sales during 2021 Requirements: 1- Journalize bad debt expenses as 1% of credit sales. Show the accounts receivable in the current section of the statement of financial position ended dec. 31, 2021. 2- Journalize bad debt expenses as 2% of A/R. Show the accounts receivable in the current section of the statement of financial position ended dec. 31, 2021. 3-On March 23rd, 2022. a customer with $7,500 confirmed unable to pay his debts. Journalize writing off A/R account related to this customer.