Question 13 Partially correct Mark 2.00 out of 3.00 Pag guston 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 oll 2012 $310.000 $287.000 $2,200 2013 19.00 380.000 2014 430.000 407.000 3.750 Required 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 e sheet at the end of 2014) What total amount of bad debts expense would have appeared on the firm's income statement during the three year period? Balance in Accounts Receivable year end, 2014 $ 51,600 Allowance for Doubtful Accounts Balance at year end 2016 13:30 Bad Debts Expense 13.620 Check Partially correct Maries for this mon 2.00/300 Previous Save Answers Next