Identify and analyze the transactions related to the sale, collections, and write-offs of accounts receivable during 2017. 2. Identify and analyze the adjustments to recognize bad debts assuming that (a) bad debts expense is 3% ofcredit sales and (b) amounts expected to be uncollectible are 6% ofthe year-end accounts receivable. 3. What is the net realizable value of accounts receivable on December 31, 2017, under each assumption in part (2)? 4. What effect does the recognition ofbad debts expense have