Problem 7-4 (Part Level Submission) method The prov ons are recorded, based on analyses of customers with different risk characteristics Bad debts written of charged to the allowance account, recoveries of bad debts previously written off were credited to the allonance account, and no year and adpustments to allowance account-made ritual credit terms are net 30 days. The balance in Allowance for Doubtul Accounts was s147,300 at anuary 1, 2017. During 2017, credit sales totaled $s,061,900, the provision for doubtful accounts was determined to be $101 238590,619 of bad debts were written off, and recoveries of account previously written olf amounted to $16.50 Teal sted a computer system in November 2017, and an aging of accounts recelvable nas prepared for tho fint timo eso, Dec-ern. 2017 Aummary of the aging is stolon. Classification by Month of Sale Estimated % Uncellectible 2% Balance in Each Categery 1.265 300 677,000 421.600 57 300 2.521 00 24 Prior to 1/1/17 74% Based on the review of collectibility of the account belances in the "prior to 61,300 ere written off as of December 31 2017 The 74% uncollectible estimate applies t Enectiv. with the year erded Dcember 31, 2017, meted a different method for estimating the allowance for duteful acco ts ae the amount indicated by the year end aging analysis of accounts recel vable 1/1/17" aging category, additional receivables totaling the remaining $96,000 in the category Problem 7-4 (Part Level Submission) method The prov ons are recorded, based on analyses of customers with different risk characteristics Bad debts written of charged to the allowance account, recoveries of bad debts previously written off were credited to the allonance account, and no year and adpustments to allowance account-made ritual credit terms are net 30 days. The balance in Allowance for Doubtul Accounts was s147,300 at anuary 1, 2017. During 2017, credit sales totaled $s,061,900, the provision for doubtful accounts was determined to be $101 238590,619 of bad debts were written off, and recoveries of account previously written olf amounted to $16.50 Teal sted a computer system in November 2017, and an aging of accounts recelvable nas prepared for tho fint timo eso, Dec-ern. 2017 Aummary of the aging is stolon. Classification by Month of Sale Estimated % Uncellectible 2% Balance in Each Categery 1.265 300 677,000 421.600 57 300 2.521 00 24 Prior to 1/1/17 74% Based on the review of collectibility of the account belances in the "prior to 61,300 ere written off as of December 31 2017 The 74% uncollectible estimate applies t Enectiv. with the year erded Dcember 31, 2017, meted a different method for estimating the allowance for duteful acco ts ae the amount indicated by the year end aging analysis of accounts recel vable 1/1/17" aging category, additional receivables totaling the remaining $96,000 in the category