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View Policies Current Attempt in Progress Information on Cullumber Company for 2021 follows: $1.050,000 42,000 Total credit sales Accounts receivable at December 31 Uncollectible accounts

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View Policies Current Attempt in Progress Information on Cullumber Company for 2021 follows: $1.050,000 42,000 Total credit sales Accounts receivable at December 31 Uncollectible accounts written off Amount collected on accounts previously written off (after write off but before year end) 15.100 3,300 Assume that Cullumber Company decides to estimate its uncollectible accounts using the allowance method and an aging schedule. Uncollectible accounts are estimated to be $26,000. What amount of bad debt expense will Cullumber Company record if Allowance for Doubtful Accounts had an opening balance of $16,000 on January 1, 2021? Bad debt expense Assume that Cullumber Company decides to estimate its uncollectible accounts using the allowance method and estimates its bad debt expense at 3.20% of credit sales. What amount of bad debt expense will Cullumber Company record if Allowance for Doubtful Accounts had an opening balance of $16,000 on January 1, 2021? Bad debt expense Assume the same facts as in part (a) except that the Allowance for Doubtful Accounts had a $10,000 balance on January 1, 2021. What amount of bad debt expense will Cullumber record on December 31, 2021? Bad debt expense

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