"the allowance for bad debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. the company's management estimates that 2% of net credit sales will be uncollectib

"the allowance for bad debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. the company's management estimates that 2% of net credit sales will be uncollectible for the year 2017. net credit sales for the year amounted to $270,000. what will be the balance of allowance for bad debts on the december 31, 2017 balance sheet?"