Problems PROBLEMS LO Problem 7-1 Allowance Method for Accounting for Bad Debts Orche Beginning of 2017, EZ Tech Company's Accounts Receivable balance was $140,000, and se lance in Allowance for Doubtful Accounts was $2.350. EZ Tech's sales in 2017 w S0.7.000. The company wrote of $4,000 of uncollectible accounts during the year. $100,000, 80% of which were on Credit Collections on account during the year we Anguired I entity and analyze the transactions related to the sale, collections, and write-off's of Ats Accounts receivable during 2017 2 Identify and analyze the adjustments to recognize bad debts assuming that (a) bad debts expense S. 63% of credit sales and (b) amounts expected to be uncollectible are 6% of the year-end accounts Termer 31, 2017. under cac receivable