Question 1 5 pts Assume credit sales for the period were 160,000 and the company estimates bad debt to be 4.75% of credit sales. If A/R is 40,000, and the allowance for bad debt has a 1,450 credit balance, What is net A/R? 7,600 30,950 32,200 none of the above Question 2 Assume A/R is 75,000 and the company estimates bad debt to be 6.4% of A/R. If the allowance has a beginning debit balance of 1,430, what is net A/R? 71,480 4,800 70,200 none of the above 5 pts