A company reported the following items for the year 2007: 
The December 31,2007 (end of the reporting period) adjusting entry for Bad Debt and Doubtful Accounts should be for the amount of,assuming:
CASE A: The average experience loss rate on credit sales is 1/2 of 1 percent.$___________________.
CASE B: The average experience loss rate on the year-end balance in accounts receivable is 2 percent.$________________.
Definitions:
Variable Interval
A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, used in operant conditioning to modify behavior.
Reinforcement
In behavioral psychology, a process that increases the likelihood of a behavior being repeated, usually by providing a reward.
A method of exchanging digital messages over the Internet between people using electronic devices.
Fixed Interval
A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.
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