plz ans asap... Question 3 The following balances relate to Easter Company: Credit Sales...
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Question 3 The following balances relate to Easter Company: Credit Sales during 2018 Allowance for Bad Debt (1/1/18) 9,000 (credit) Accounts Receivable (1/1/18)100,000 2,000,000 Several transactions related to accounts receivable occurred during 2018. (1) An account with a balance of $800, previously written off, is collected during 2018. (2) Furthermore, $1,200 of the Easter's accounts receivable are written off in 2018 as uncollectible. (3) At the end of the year, annual bad debts are estimated to be 3% of credit sales. What is the ending balance in accounts receivable and allowance for bad debts accounts at December 31, 2018 (after adjustment)
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