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You are an accountant at XYZ company, which has a fiscal year ending on December 31 . It is now December 31,2018 , and you

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You are an accountant at XYZ company, which has a fiscal year ending on December 31 . It is now December 31,2018 , and you are getting ready to record the adjusting journal entry for this year's bad debt expense. The credit department has prepared for you the following accounts receivable aging schedule, which includes the estimated percentages of each aging bucket that they think will be uncollectible. The estimated percentages are the same for both dates provided. Estimated \% Accounts Receivable Accounts Receivable Age of A/R Uncollectible Balance at Dec 31, 2018 Balance at Dec 31, 2017 You then inspect the accounting records for the year and note that during 2018 , the company had write-offs of $295,000 and recoveries of $900. You also note that total credit sales during 2018 were $17,900,000. The credit department informs you that historically, 1.75% of credit sales have proven to be uncollectible. Using the Aging of Accounts Receivable method, what is the bad debt expense for 2018? Using the Aging of Accounts Receivable method, what is the ending balance for the Allowance for Doubtful Accounts for 2018? Using the Aging of Accounts Receivable method, what is the net accounts receivable that the company has at the end of 2018? Using the Aging of Accounts Receivable method, what is the bad debt expense for 2018? Using the Aging of Accounts Receivable method, what is the ending balance for the Allowance for Doubtful Accounts for 2018? eivable method, what is the net accounts receivable that the Using the Aging of Accounts Receivable method, what is the bad debt expense for 2018 ? :eivable method, what is the ending balance for the Allowance for Using the Aging of Accounts Receivable method, what is the net accounts receivable that the company has at the end of 2018

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