2017 2018 2019 Credit Sales $12,400 $11,300 $10,500 Collections on Account (including recoveries of previous write-offs) 8,700 9,700 10,800 Write offs of Accounts Receivable 320 590 620 Recoveries of Previous write-offs 20 45 60 ACC uses percentage of receivable method for estimating uncollectible accounts receivable. Assume that the company estimates that it cannot collect 8.5% of its Accounts Receivables. Assume the beginning balance (January 1, 2017) in Accounts Receivable and Allowance for Doubtful Accounts was 3,200 and 272, respectively. Calculate Bad Debt expense for 2017, 2018 and 2019. (9 points)
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