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QUESTION 1 B2B Company providen for bad debts expense at the rate of 2% of credit ones. The following data are available for 2017: Allowance

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QUESTION 1 B2B Company providen for bad debts expense at the rate of 2% of credit ones. The following data are available for 2017: Allowance for doubtful accounts, 1/1/17 (C.). $ 21,000 Accounts written off as uncollectible during 2017 13,000 Credit sales in 2017... 4,500,000 The Allowance for Doubtful Accounts balance at December 31, 2017, should be a. $60,000 b. $70,000 c. $98,000 d. $13,000

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