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i need number 4 pls 2. (5 points) The balance sheet of Starsky Company at January 1, 2022, includes the following. Transactions in 2022 include
i need number 4 pls
2. (5 points) The balance sheet of Starsky Company at January 1, 2022, includes the following. Transactions in 2022 include the following. 1. Sales on credit for the year were $1,385,000. (all service revenue) 2. Accounts receivable of $1,115,000 were collected. 3. Customer accounts of $45,000 were written off during the year. 4. At year-end, bad debts were estimated to be 7% of the ending A/R balance (based on the \% of A/R method). Make sure to update the A/R and Allowance balance for the transactions above before calculating bad debt expense Step by Step Solution
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