QUESTION 12 Samuel Company has provided the following information prior to any year-end bad debt adjustment: Cash sales. $150,000 Credit sales, $450,000 Selling and administrative expenses, $110,000 Sales retums and allowances, $30,000 Gross profit, $490,000 Accounts receivable, $110.000 Sales discounts, $14.000 . Allowance for doubtful accounts has a debit beginning balance, $1,200 Samuel prepares an aging of accounts receivable and the result shows that 5 of accounts receivable is estimated to be uncollectible Call Accounts Receivable are between 0-30 days old). How much is bad debt expense? $5,500 Ob-54,240 O $6.700 O d. 54,300