Question 14 ABC Company begins a new accounting period each quarter. 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 and $32,000 sales on account. ABC collected $21,000 on account, half of these collections were for January sales and the remainder was for February sales. During March, ABC Company had no sales and no collections. ABC Company estimates delinquent accounts using the Aging method. ABC Company estimates that 1% of current accounts and 10% of accounts 60 days or older will be uncollectible. What is ABC Company's Bad Debt Expense for the quarter? $365 $215 $2,150 $2,165 Question 13 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 ABC Company estimates delinquent accounts using the Percent of Receivables Expense to be 10\%. What is the February ending balance of Bad Debt Allowance? $1,200 91.100 52.300 $3,200