Historical Arts a new business. During its first your of operations, credit sales were $50,000 and collections on credit sales were $34,000. One account of $500 was written of Management ses the percent of sales method to count for bad debe expose and estimates 3% of credit sales to be uncolocible. The ending balance Alowance for Bad Detti conti OA $2.505 55405 OC 31.500 OD 11.000