Ladd Company provided the following data for the current year:

Problem 9 Ladd Company provided the following data for the current year: Allowance for doubtful accounts-January 1 Sales Sales returns and allowances Sales discounts Accounts written off as uncollectible The entity provided for doubtful accounts expense at the rate of 5% of net sales. 1. What amount should be reported as doubtful accounts expense? 2. What is the allowance for doubtful accounts on December 31? 100,000 9,500,000 000,000 200,000 200,000