One On December 31, 2022, Kalkanis Technologies, Ifc. had the following account balances cholonce due to a firm for Gools or Sevits Accounts receivable. ... $35,000 (debit) Allowance for uncollectible accounts $2,000 (credit) 4 aceount's receivolde the company doe not erpect to arlect During 2023, Kalkanis had the following transactions and situations: Sold $210,000 of networking equipment to customers on account- Allowed customers to return $10,000 of networking equipment. Wrote off the account of Pfeiffer, Inc, a customer whose A/R balance was $1,000. Collected $190,000 in cash from customers on account. Based on an aging analysis of receivables at the end of 2023, Kalkanis estimates that $3,000 of the accounts receivable are likely to be uncollectible. B. Briefly explain why GAAP requires organizations to record an expense for credit losses (bad debts) before they actually happen for certain