Verlander Company began Year 2 with balances in accounts receivable and allowance for doubtful accounts of $30,000 and $3,000, respectively. The company reported credit sales of $330,000 during the year, collected $315,000, and wrote off $2,700 of uncollectible accounts. Verlander estimates that 10% of its accounts receivable balance will be uncollectible. Required: a. Record the following transactions for year 2 in the horizontal financial statements model: Credit sales Collections from customers Write off of uncollectible accounts b. What is Verlander's uncollectible accounts expense for Year 2? c. Record Verlander's uncollectible accounts expense (bad debts expense) at December 31, Year 2 in the horizontal financial statements model.

wit be uncodlectible. Required: a. Recond the foilowing transactione for year 2 in the horizontal financial stalemente model * Credir asies - Collections from customern - Write off of uncollectible accounts b. What is Vertander's uncoliectible accounts expense for Yoar 2? c. Record Verlander's uncollectible accounts expense (bad debts expense) at December 31 , Year 2 in the honzontal financial talements nodef