Zcom Inc, uses the allowance method to account for uncollectible accounts receivable. At year$-$end, January $31,$ it was estimated that $1,40\%$ of the Accounts Receivable balance of $$312,000$ was uncollectible. Record the entry at year$-$end to estimate uncollectible receivables assuming the unadjusted balance in the Allowance For Doubtful Accounts account at year end was a debit of $$2,700.$

Chart of Accounts

Bad Debts Expense

AFDA

General Journal

Page GJ$1$

Date

Account$/$Explanation

F

Debit

Credit

To record the adjustment estimating bad debt expense.

What is the amount that will appear on the Jan $31,2024$ balance sheet as:

A$.)$ AFDA

B$.)$ Net Realizable Accounts Receivable

What is the amount that will appear on the income statement as a bad debt expense for the year just ended, Jan $31,2024?$