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HPPP made credt saies of $70,000. December colections on accosunt were $57,000, write offs of uncollectible receivabies totalied $2,400, and an account of $1,100 was recavered. Bad debt expense is estimated to be $2.800. Requirements 1. Defemining bad debt exponse by using the alowance mechod is maragement's estimale of uecollecsble accounts and not an accurate moasurement. Why not wait until a compory finds out. which custormers cant poy and write the acoounts receivable of as they occur? Requilement 1. Delermining bad debt expense by using the allowance method is mansgements evimase of uncolectble accounts and not an accurate messurement Wry not wal until a company finds out which customers can' poy and werie the accourts recelvable off as they ocour? By using the alowance method, the asofthebalancesheetdote.Also, statemene? (Leave any unused cells blank=) Calcuinte the companys balance of accounts recemabis by entering the beginning byance and the adusting entien in the folowing Taccount. Post the beginning balance fint and then post the adjusimentn. What balance of accounts recelvable does HPPP report? $ What amount of bad deth expenso would be reported? \$