LEE-u...) u...- u... Ira...\" a The annual provision for doubtful accounts receivable is recorded by providing a charge to Bad Debt Expense in an amount equal to 2% of net sales (after returns and discountsI etc.}. b. An inventory count of the office supplies revealed $330 of supplies on hand at yearend. c. A physical inventory on Friday, January 3', 2013 results in a total dollar value assigned to the ending inventory at lower of cost or market of $539,530. d. The $3,221) insurance premium outstanding on January 1, 2012, covered the period January 1 dtrougb August 31, 2012. The insurance premium of $1050 recorded in August covers the period from September 1, EDIE through August 31, 21313. Rockford estimates that Hit: of the premiums are attributable to general activities and 25% to selling activities (use Miscellaneous Selling Expense}. e. The payroll summary for the employees who are paid biweekly shows the following information at December 31, EDIE