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Doe Ray Me Company reports year-end credit sales in the amount of $395,000 and accounts...

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Doe Ray Me Company reports year-end credit sales in the amount of $395,000 and accounts receivable of $105,000. Doer uses the income statement method to report bad debt estimation. The estimation percentage is 3.0%. What is the estimated balance uncollectible using the income statemhst method? Your Answer: Answer Question 19 (8 points) High Speed Adventures records bad debt using the allowance, income statement method. They recorded $126,993 in accounts receivable for the year and $380,813 in credit sales. The uncollectible percentage is 3.8%. What is the bad debt estimation for the year using the income statement method? (Round to the nearest whole dollar) Your

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