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Citywide Real Estate reported the following information for 2017: (Click the icon to view the information.)...

Citywide Real Estate reported the following information for 2017: (Click the icon to view the information.) 1. If uncollectib

Citywide Real Estate reported the following information for 2017: (Click the icon to view the information.) 1. If uncollectible accounts are determined by the percent-of-sales method to be 2 percent of net credit sales, what is the bad debt expense for 2017? 2. If uncollectible accounts are determined by the aging of receivables to be $4,000, what is the amount of net accounts receivable after adjusting entries for 2017? 1. If uncollectible accounts are determined by the percent-of-sales method to be 2 percent of net credit sales, what is the bad debt expense for 2017? Bad debt expense for 2017 is 2. If uncollectible accounts are determined by the aging of receivables to be $4,000, what is the amount of net accounts receivable after adjusting entries for 2017? After adjusting entries, net accounts receivable for 2017 is i Data Table - X Accounts receivable, Jan 1, 2017 Allowance for doubtful accounts, Dec 31, 2017, prior to adjustment Net credit sales during 2017 Collections on account during 2017 Cash sales during 2017 $ 28,000 1,600 220,000 94,000 35,000 Print Done Enter any number in the edit fields and then continue to the next question.
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1) Under percent-of-sales method, bad debt expense shall be recorded based on % of net credit sales made during the year. At

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