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Koco Company had the following account balances at December 31, 2018, before recording bad debt expense for the year: Accounts receivables 1,400,000 Allowance for doubtful

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Koco Company had the following account balances at December 31, 2018, before recording bad debt expense for the year: Accounts receivables 1,400,000 Allowance for doubtful accounts (credit balance) 22,000 Credit sales for 2018 1,950,000 9. What amount should Koco record to bad debt expense at the end of 2018 if they use the % of credit sales method and base their estimate on 3% of credit sales? 10. What amount should Koco record to bad debt expense at the end of 2018 if they use the % of A/R/ Aging method and base their estimate on 6% of year-end accounts receivable

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