The company provides the following information at the end of the year: Credit sales Accounts receivable Allowance for Uncollectible accounts $500,000 $75,000 $1,000 credit The company uses the percent of receivables method and estimates it will not collect 6% of accounts receivable. (Do not use commas or dollar signs in your answers) Determine the ending balance for the Allowance for Uncollectible Accounts Determine the appropriate amount to record for Bad Debt expense Determine net accounts receivable to be presented on the year-end financial statements 3 pts

The company provides the following information at the end of the year: Credit sales $500,000 Accounts receivable $75,000 Allowance for Uncollectible accounts $1,000 credit The company uses the percent of receivables method and estimates it will not collect 6% of accounts receivable [Do not use commas or dollar signs in youranswers] Determine the ending balance for the Allowance for Uncollectible Accounts Determine the appropriate amount to record for Bad Debt expense Determine net accounts receivable to be presented on the year-end financial statements