Question: Fill in the missing amounts in the table below. Hint: set up t-accounts for Accounts Receivable and the allowance and plug in the appropriate balances

Fill in the missing amounts in the table below. Hint: set up t-accounts for Accounts Receivable and the allowance and plug in the appropriate balances and changes. For example, Bad debt expense causes the Allowance balance to increase, while Collections from customers cause the Accounts receivable balance to decrease.

Year 0 Year 1 Year 2 Year 3
Credit Sales 67,000 67,500
Collections from Customers 56,300 60,700
Bad Debt Expense 4,700 3,300
Write-offs 3,500 4,100
End. Accounts Receivable 25,000 32,000 36,000
End. Allowance for DA 5,000 7,000
End. Net Accounts Receivable 20,000 29,400

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