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  3. 2. during its first year of operations, master plu

2. During its first year of operations, Master Plumbing Supply Co. had net sales of...

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Accounting

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2. During its first year of operations, Master Plumbing Supply Co. had net sales of $3,500,000. During the year they wrote off $15,000 of accounts receivable using the allowance method. a. Determine the bad debt expense for the year assuming the expense is estimated as 141% of net sales. b. Determine the bad debt expense assuming an analysis of accounts receivable showed that $22,000 of the accounts receivable was uncollectible

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