Problem 8-4A Here is information related to Whispering Winds Corp. for 2017. Total credit sales $1,5

Problem 8-4A Here is information related to Whispering Winds Corp. for 2017. Total credit sales $1,547,000 Accounts receivable at December 31 773,500 Bad debts written off 37,400 (a) What amount of bad debt expense will Whispering Winds Corp. report if it uses the direct write-off method of accounting for bad debts? Bad debts expense (6) Assume that whispering Winds Corp. decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a credit balance of $3,1007 Bad debts expense (C) Assume the same facts as in (b), except that there is a $1,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debit expense will Whispering Winds Corp. record? Bad debts expense

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