Question: Question 3 (1 point) Saved Maple Co. provides for bad debts expense at the rate of 5.08% of ending Accounts Receivable. On Jan 1, 20X1,

Question 3 (1 point) Saved Maple Co. provides for bad debts expense at the rate of 5.08% of ending Accounts Receivable. On Jan 1, 20X1, the Allowance for Bad Debts was $9.000. There were $16,000 of accounts written off during the year. Credit sales for the year were $540,000. Ending Accounts Receivable was $150,000 What is the balance in the Allowance for Bad Debts account

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