Table 5 On December 31. Grubbs Company has the following account balances Accounts recevable $330,000 Allowance...

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Table 5 On December 31. Grubbs Company has the following account balances Accounts recevable $330,000 Allowance for doubitul accounts 7.500 debit Net credit sales 1,500,000 Assume instead Grubbs estimates that 10% of accounts receivable will be uncollectible. Under the percentage of receivables method balance sheet method, bad debt expense for the period would be $33.000 537500 $28.500 0540500 C525300 Table 5 On December 31. Grubbs Company has the following account balances Accounts recevable $330,000 Allowance for doubitul accounts 7.500 debit Net credit sales 1,500,000 Assume instead Grubbs estimates that 10% of accounts receivable will be uncollectible. Under the percentage of receivables method balance sheet method, bad debt expense for the period would be $33.000 537500 $28.500 0540500 C525300