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Nightwing Inc was formed in 2016 and sells goods only on account. Selected data related to uncollectible accounts receivable are presented below for your use

Nightwing Inc was formed in 2016 and sells goods only on account. Selected data related to uncollectible accounts receivable are presented below for your use as appropriate.

2016

2017

2018

Credit Sales

$10,000

$11,000

$10,500

Collections on Account (including recoveries of previous write-offs)

7,000

9,800

9,700

Write offs of Accounts Receivable

150

250

350

Recoveries of Previous write-offs

0

35

45

Nightwing Inc uses percentage of receivable method for estimating uncollectible accounts receivable. Assume that the company estimates that it cannot collect 8% of its Accounts Receivables

Calculate Bad Debt expense for 2016, 2017 and 2018.

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