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Answer number 2 only please. Thank you The bad debt expense...

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Accounting

Answer number 2 only please. Thank you image
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The bad debt expense is 4% of net sales
of Problem 5: Comprehensive Problem The following are taken from the records of ABC Company for the year ended December 31, 20X2: 0 Debit TS Sales Purchase discount Purchase returns and allowances Purchases Credit 2764,985 8,200 5,465 3 COM Freight-in Sales discount Sales returns and allowances Depreciation expense Amortization expense Salaries expense Utilities expense Advertising expense Rent expense Interest income Interest expense Gain on sale of PPE Bad debts expense 459,990 9,180 13,300 5,455 25,000 10,000 80,000 55,000 35,000 60,000 5,444 5,677 5,465 ??? Based on actual physical count, inventory balance are as follows: January 1, 20X2 P25,455 December 31, 20X2 P20,765 2. 3. a. Prepare a nature of expense SCI. Prepare a function of expense SCI. Additional information: Depreciation of P5,000 is for computer equipment used in the administrative office. b. Amortization is attributed to office leasehold improvements. 40% of salaries are attributed to sales personnel. d. Utilities for the store represent 35% of utilities expense. Rent for the office space is P20,000. C. e

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