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Sparow Feed Corporation gathered the following information from its accounting records for the year ended December 31, 2004, prior to adjustment: Net credit sales for

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Sparow Feed Corporation gathered the following information from its accounting records for the year ended December 31, 2004, prior to adjustment: Net credit sales for the year Accounts Reccivable (Dec. 31, 2004) Allowance for Uncollectible Accounts, prior to adjustment (Dec. 31, 2004) $2,150,000 190,000 12,000 (debit balance Spanrow Feed Corporation uses the allowance method of accounting for bad debts and estimates bad debts at 30% of net credit sales. Required: . How much is the bad debt expense for year 2004 b. Determine the balance in the Allowance for Uncollectible Accounts account after the adjusting entry is recorded. Show how the receivables would be reported on the December 31,2004, balance shect for Sparrow Feed Corporation d. Suppose that Sparrow Feed Corporation usedaging of accounts receivable to calculate the ending balance of the Allowance for Uncollectible Accounts, which ended up to boe 47,250. How much is the bad debt expense for year 2004 Show how the receivables would be reported on the December 31, 2004, balance shect for Sparrow Feed Corporation under aging of accounts receivable method

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