During the year ended december 31, 2015, kelly's camera shop had sales revenue of $145,000, of which $72,500 was on credit. at the start of 2015, accounts receivable showed a $10,000 debit balance and the allowance for doubtful accounts showed a $550 credit balance. collections of accounts receivable during 2015 amounted to $63,000.data during 2015 follow: a. on december 10, a customer balance of $1,250 from a prior year was determined to be uncollectible, so it was written off. b. on december 31, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the yearrequired: 1. show how the amounts related to accounts receivable and bad debt expense would be reported on the balance sheet and income statement for 2015.2. on the basis of the data available, does the 2 percent rate appear to be reasonable?

Construct an example of the cycle of​ money, identify all the players involved and identify their individual benefits from participating in the cycle of money. in the examples of the cycle of money shown​ below, identify all the players involved and identify their individual benefits from participating in the cycle of money. example​ one: ​(select from the​ drop-down menus.) ▾ opens a savings account ▾ with the borrower with the original lender at a local commercial bank with a​ $200 deposit. the ▾ original lender bank borrower loans out the​ $200 with other funds from other savings accounts to ▾ the original lender a local businessman who is expanding his business. the local businessman pays back the loan over time with interest and the bank credits the savings account with interest. the individual withdraws money from the savings account to buy a new bike.