The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $300,000. What is the amount of Bad Debts Expense reported on the income statement for 2019 $8.000 $16,000 $12,000 $6,000 Accounts Receivable has a balance of $35,000, and the Allowance for Bad Debts has a credit balance of $3,000. The allowance method is used. What is the net realizable value Accounts Receivable before and after a $2,100 account receivable is written off? $29,000, 529,000 $32,000; 532,000 $29.900: S29,900 $32,000, S29,900 The Allowance for Bad Debts nocount has a debit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of accounts receivable will become uncollectibles. The ending balance of accounts receivable is $300,000. What is the amount of Bad Debts Expense reported on the income statement for 20197 $8,000 $16,000 $6,000 $12,000