Question 2 of 3 -/15 View Policies Current Attempt in Progress Information on Sheridan Company for 2021 follows: $920,000 Total credit sales Accounts recevable at December 31 Uncollectible accounts written off Amount collected on accounts previously written off (after write off but before year end) 36,800 16,400 2.400 Assume that Sheridan Company decides to estimate its uncollectible accounts using the allowance method and an aging schedule Uncollectible accounts are estimated to be $25,000. What amount of bad debt expense will Sheridan Company record it Allowance for Doubtful Accounts had an opening balance of $18.600 on January 1, 2021? Bad debt expense 20400 Assume that Sheridan Company decides to estimatelts uncollectible accounts using the allowance method and estimates its bad debt expense at 285% of credit sales. What amount of bad debt expense will Sheridan Company record if Allowance for Doubtful Accounts had an opening balance of $18.600 on January 1, 2021 Bad debt expense $ 20409 Assume that Sheridan Company decides to estimate its uncollectible accounts using the allowance method and estimates its bad debt expense at 2.85% of credit sales. What amount of bad debt expense will Sheridan Company record if Allowance for Doubtful Accounts had an opening balance of $18,600 on January 1 2021? Bad debt expense Assume the same facts as in part (a) except that the Allowance for Doubtful Accounts had a $12.100 balance on January 1, 2021 What amount of bad debt expense will Sheridan record on December 31, 20212 Bad debt expense $ Save for Attempts:0 of 3 used Submit