for part 4b, i'm not sure where i made a mistake in my work. the answer is $47,000 but i got $49,250

4. At December 31, 2008, Trish's Imports reported the following information on its balance sheet: Accounts Receivable Less: Allowance for Doubtful Accounts (credit) $900,000 50,000 During 2009 the company recorded credit sales of $2.500,000. They had cash collections of their accounts receivables of $2,300,000 and wrote off as uncollectible accounts r Also, during the year, Trish collected $15.000 on bad debts that were previously written off as uncollectible. Determine the ending balance in the Allowance for Doubtful Accounts (after adjustment) if Trish estimates bad debts based on 2% of credit sales. a. ADA 2,500,0002% 50,000 BDE 50,000 beg al 50,000 BDE 55,000 AR b. If instead Trish estimates bad debts based on 5% of Accounts Receivable en in balance determine Bad Debt Expense for 2009 400,000 L2,300,000 2 s00,000 60,000) bo,000 419.0oo) 1,085,000 ADA 1,085,000 45%: 54,250 end ADA 50,000 beg bat olo L6o,0o0 16.000 prev olo 5000 49,250 Solutions: ,250 la. Debit ADA $10,000, credit A/R $10,000 Ib-1. $475,000 Ib-2. $475,000 2 $22,000 3a-1. $9,000 3a-2. $7,200 3b-1. $6,250 3b-2. $6,400 4a. $55,000 4b. $47,000