Question 1 Not complete Marked out of 4.00 P Flag question Allowance Method Fullerton Company, which has been in business for three years, makes all of its sales on account and does not offer cash discounts. The firm's credit sales, collections from customers, and write-offs of uncollectible accounts for the three-year period are summarized below: Year Sales Collections Accounts Written Off 2015 $300.000 $287.000 $2200 2016 385,000 390,000 3.350 2017 430.000 407.000 2.650 a. If Fullerton Company had used the allowance method of recognizing credit losses and had provided for such losses at the rate of 1.2 percent of credit sales, what amounts in accounts receivable and the allowance for doubtful accounts would appear on the firm's balance sheet at the end of 2017? What total amount of bad debts expense would have appeared or the firm's income statement during the three year period? Balance in Accounts Recevable at year end 2017 Allowance for Doubtful Account Balance at year and 2017 Bad Debts Expense Check Next Save Answers