10) A trial balance before adjustments included the following Sales Accounts receivable Allowance for doubtful accounts Debit 300,000 Credit $1.700.000 5.000 laking 6% of gross accounts receivables, the If the estimate of uncollectible accounts is made by taking 6% of gross amount of the bad debt expense to be recorded is $13,000 $18,000 $23,000. $28,000. b. INA - Kaniper's policy is to treat as cash equivalents all highly liquid investments with a maturity of three months or less when purchased. What amount should Cook report as cash and cash equivalents in its December 31, 2017, balance sheet? a. $15,250. $55,250. c. $55,600 $151,250. d. 9) Under the allowance method of recognizing uncollectible accounts, the entry to write off an uncollectible account increases the allowance for uncollectible accounts. has no effect on the allowance for uncollectible accounts. has no effect on net income. decreases net income