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Use for the final two questions: Company X ended 2021 with $12,000 in accounts receivable. They estimate that 12% of those receivables will not be
Use for the final two questions: Company X ended 2021 with $12,000 in accounts receivable. They estimate that 12% of those receivables will not be collected. They came into the year 2021 with an allowance for uncollectible accounts of $1,000 and have made no adjustments to that account so far this year. D Question 39 3 pts What amount of bad debt expense will the company report in 2021 on their income statement? D Question 40 3 pts What Net Realizable Value of Accounts Receivable will be reported on their 2021 balance sheet
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