Receivables Homework . Due on April 29, 2022 4/8 answered Close Question 2 Homework Unanswered A company has $500,000 in Sales Revenue and $45,000 in accounts receivable for the current year. The current balance for the allowance of doubtful accounts is a credit balance of $600. This company believes that 1% of net credit sales will be uncollectable. What is the bad debt expense for the current year? Type your numeric answer and submit Unanswered Submit Question 3 Homework. Unanswered O A company has $500,000 in Sales Revenue and $45,000 in accounts receivable for the current year. The current balance for the allowance for doubtful accounts is a credit balance of $600. This company believes that 1% of net credit sales will be uncollectable. What is the new balance for allowance for doubtful accounts after bad debt expense for the year is taken? Type your numeric answer and submit Unanswered Submit