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15 The following information at the end of December Credit Sales...

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Accounting

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The following information at the end of December Credit Sales 5590.000 Accounts Payable $25,000 Accounts Receivable $59.000 Allowance for Uncollectible Accounts $200 credit Cash Sales $210,000 The company uses the percent of receivables method and estimates it will not collect 5% of their accounts receivable After the adjusting entry on December 31st year end determine the ending balance in the Allowance for uncollectible accounts What is the amount of Bad debt expense recognized on the December 31st financial statements? Determine the Net Accounts Receivables shown on the December 31st financial statements

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