1 When a customer account is recognized as uncollectible and written off, under the allowance method it is always debited to Allowance for Doubtful Accounts it is always debited to Bad Debt Expense. C. it may be debited to Bad Debts Expense if the amount is immaterial d. it is only debited to Allowance for Doubtful Accounts under IFRS. a. b. 2. The following information is available for Ammarah Company: Allowance for doubtful accounts at December 31, 2019 Credit sales during 2020 Account's receivable deemed worthless and written off during 2020 $ 8,000 400,000 9,000 As a result of a review and aging of accounts receivable in early January 2021, it has been determined that an allowance for doubtful accounts of $7,500 is needed at December 31, 2020 What amount should Ammarah record as bad debt expense for the year ended December 31, 2020? a b. C. d $6.500 $7,500 $8.500 $15.500 4 3. The stated interest rate is also referred to as the a effective interest rate, b C. market rate. d coupon rate. yield