Question: NEED ASAP IN 30 MIN PLEASE!!! PLEASE SHOW WORK!! Question 18 8 points Save Answer Tracy Company reported accounts receivable and an allowance for uncollectible

NEED ASAP IN 30 MIN PLEASE!!! PLEASE SHOW WORK!!NEED ASAP IN 30 MIN PLEASE!!! PLEASE SHOW WORK!! Question 18 8

Question 18 8 points Save Answer Tracy Company reported accounts receivable and an allowance for uncollectible accounts of $90,000 and $2,000, respectively, at December 31, 2020. During 2021, Tracy's credit sales and collections were $500,000 and $435,000, respectively, and $1,600 in accounts receivable were written off. For 2021, Tracy estimates bad debt expense at 1% of credit sales. The net amount of accounts receivable reported in the 2021 balance sheet would be: $146,000. $150,000 $148,000 $155,000

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