Question 12 ABC Company begins a new accounting period each month. ABC Company began operations January 1, Year 1. In January, ABC Company had $10,000 cash sales, $15.000 sales on account and collected $3,000 on account. During February, ABC Company had $25,000 cash sales, $32.000 sales on account and collected $21.000 on account. ABC Company estimates delinquent accounts using the Percent of Revenue method. ABC Company estimates Bad Debt Expense to be 10%. What is ABC Company's Bad Debt Expense for February? $3.200 $1,100 $5.700 $3.600 depicts which one of the following tiansactions? Wriths off a delinguent account Rrinstating an account previously written-off. Estmating the value of delinguent accounts