Allowance Method for Accounting for Bad Debts Required: 1. Identify and analyze the sales during 2017. Activity Accounts Cash Increase, Accounts Receivable Increase, Sales Revenue Increase Statement(s) Identify and analyze the transactions related to the collections of cash during 2017. Activity Accounts C Statement(s) Balance Sheet only Identify and analyze the transactions related to the write-offs of accounts receivable during 2017. Activity Accounts Allowance for Doubtful Accounts Decrease, Accounts Receivable Decrease Statement(s) a. Identify and analyze the adjustments to recognize bad debts assuming that bad debts expense is 4% of credit sales. Activity Accounts Allowance for Doubtful Accounts Increase, Bad Debts Expense Increase Statement(s) b. Identify and analyze the adjustments to recognize bad debts assuming that amounts expected to be uncollectible are 5% of the year-end accounts receivable. Activity Accounts Allowance for Doubtful Accounts Increase, Bad Debts Expense Increase Statement(s) How dors this entry neffet tha acrou.7ting anuatina? Fesdan: 7 Check kut work Intorrecl 3. What is the net realiza ble value of accounts recelvable on December 31,2017 , under each assumption in part \{Z]? Using the percentage of soles approach, the net reallzable value of the receluables Is? Using the percentage of pear-end receivables approach, the fet realizable walue of the receivables is? 4. The recoanition of bad debts expense realizaale value. Allowance Method for Accounting for Bad Debts Required: 1. Identify and analyze the sales during 2017. Activity Accounts Cash Increase, Accounts Receivable Increase, Sales Revenue Increase Statement(s) Identify and analyze the transactions related to the collections of cash during 2017. Activity Accounts C Statement(s) Balance Sheet only Identify and analyze the transactions related to the write-offs of accounts receivable during 2017. Activity Accounts Allowance for Doubtful Accounts Decrease, Accounts Receivable Decrease Statement(s) a. Identify and analyze the adjustments to recognize bad debts assuming that bad debts expense is 4% of credit sales. Activity Accounts Allowance for Doubtful Accounts Increase, Bad Debts Expense Increase Statement(s) b. Identify and analyze the adjustments to recognize bad debts assuming that amounts expected to be uncollectible are 5% of the year-end accounts receivable. Activity Accounts Allowance for Doubtful Accounts Increase, Bad Debts Expense Increase Statement(s) How dors this entry neffet tha acrou.7ting anuatina? Fesdan: 7 Check kut work Intorrecl 3. What is the net realiza ble value of accounts recelvable on December 31,2017 , under each assumption in part \{Z]? Using the percentage of soles approach, the net reallzable value of the receluables Is? Using the percentage of pear-end receivables approach, the fet realizable walue of the receivables is? 4. The recoanition of bad debts expense realizaale value