Platinum Pools Company has the following information on its 2013 comparative Balance Sheet:

	2013	2012
Accounts Receivable (less allowances for doubtful accounts of $14,000 in 2013 and $17,500 in 2012)	$958,000	$1,027,000

Additional information: During 2013, Platinum wrote-off $20,000 of accounts that had been identified as uncollectible. All Platinum sales were credit sales in 2013. Platinum collected $2,500,000 from customers in 2013.

a. Provide the journal entry that Platinum made during 2013 to record the write-off.

Account name	Debit	Credit

b. What is the amount of Platinums 2013 credit sales?

2013 Credit Sales

c. What is the amount that Platinum recorded as bad debt expense on its 2013 income statement?

2013 Bad debt expense

d. Assuming Platinum used a balance sheet approach with a single bad debt rate (rather than multiple rates from aging specific receivables) in estimating bad debt expense, what is the bad debt rate applied in 2013?

2013 debt rate