Problem 2. Accounts Receivable and Bad Debt Expense. 12.5 points. At December 31, Yarrow Company reports the following results for its calendar year from the adjusted trial balance. Credit sales Cash sales $2,300,000 Accounts Receivable 1,050,000 295,000 Allowance for doubtful accounts (credit balance) 750 a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 1.1% of credit sales. b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be .8% of total sales. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated c. be 7.0% of year-end accounts receivable. Debit Cred Account Titles and Explanation P.R. Date blem 1. Calculating Depreciation. 12.5 points. April 1, 2017, SAS Corporation purchased and placed into service a plant asset(point machine Sllowing information is available regarding the plant asset: mablem 1. on April 1, 2017, s. Acquisition Cost Estimated Salvage Value Estimated Useful Life Estimated Useful Life $130,000 $ 15,000 5 years 10,000 units Required: In 2017, SAS Corporation mixed 1,400 cans of paint and in 2018 the company mixed 2,400 cans or paint. Make the necessary journal entries at December 31, 2017 and December 31, 2018 to record depreciation for each year under the following depreciation methods: 1. 2. Straight-line Double-declining balance Units of Production 3. Debit I P.R. Credit Date Account Titles and Explanation