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used, if the allowance method had been would be uncollectible 0BJ.5 erations EX 8-16 Effect of doubtful accounts on net income Using the data in Exercise 8-15, assume that during the second year of operau Mack's Plumbing Supply Co. had sales of $4,100,000, wrote off $34,000 of accoun uncollectible using the direct write-off method, and reported net income of s600 a. Determine what net income would have been in the second year if the allo method (using 1% of sales) had been used in both the first and second years been ave at the end of the second year if the allowance method had been used in both the firn and second years. b. Determine what the balance of the allowance for doubtful accounts would h used, if the allowance method had been would be uncollectible 0BJ.5 erations EX 8-16 Effect of doubtful accounts on net income Using the data in Exercise 8-15, assume that during the second year of operau Mack's Plumbing Supply Co. had sales of $4,100,000, wrote off $34,000 of accoun uncollectible using the direct write-off method, and reported net income of s600 a. Determine what net income would have been in the second year if the allo method (using 1% of sales) had been used in both the first and second years been ave at the end of the second year if the allowance method had been used in both the firn and second years. b. Determine what the balance of the allowance for doubtful accounts would h

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