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QUESTION 4 Fill in the missing amounts in the table below. Hint: set up t-accounts for Accounts Receivable and the allowance and plug in the

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QUESTION 4 Fill in the missing amounts in the table below. Hint: set up t-accounts for Accounts Receivable and the allowance and plug in the appropriate balances and changes. For example, Bad debt expense causes the Allowance balance to increase, while Collections from customers cause the Accounts receivable balance to decrease. Year 1 Year 2 Year 3 67,000 67,500 Year 0 Credit Sales Collections from Customers Bad Debt Expense Write-offs 56,300 60,700 4,700 3,300 3,500 4,100 32,000 36,000 End. Accounts 25,000 Receivable End. Allowance 5,000 for DA End. Net Accounts 20,000 Receivable 7,000 29,400

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