Mills Inc has provided you with the following information for the year ended December 31,...
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Mills Inc has provided you with the following information for the year ended December 31, 2017: - Net credit sales are $218,000 for the year - Based on historical data, management expects that 2.0% of credit sales will be uncollectible. - Based on historical data, management expects that 3.0% of outstanding receivables will be uncollectible. - Allowance for Doubtful Accounts (XA) has a credit balance of $450 at January 1, 2017. - Accounts Receivable (A) has a debit balance of $59,000 at,December 31, 2017. - Mills Inc wrote off $1,800 of Accounts Receivable as uncollectible. Estimate Bad Debt Expense for 2017 using the percentage of credit sales method. Round your answer to the nearest dollar: \$ Estimate Bad Debt Expense for 2017 using the aging of receivables method. Round your answer to the nearest dollar: \$
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