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Prior to the year-end adjustment to record bad debt expense for 2014 the general ledger of Stickler Company included the following accounts and balances Allowance
Prior to the year-end adjustment to record bad debt expense for 2014 the general ledger of Stickler Company included the following accounts and balances Allowance for Doubtful Accounts Bad Debt Expense Accounts Receivable 1,000 credit balance 200,000 Cash collections on accounts recevable during 2014 amounted to $450 0 in 2014 would ultimately become uncollectible 0 Sales revenue d ng 2014 amounted to S 0 00 ofwhich 75% as on credit and t as estimated at 2% of these credit sales made Required A Calculate the bad debt expense for 2014 B. Determine the adjusted 2014 year-end balance of the allowance for doubtful accounts. C. Determine the net realizable value of accounts receivable for the December 31, 2014 balance sheet
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