17 "The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment of $1,500. The bad debts are estimated at 6% of outstanding accounts receivable of $180,000. What is the amount of the credit in the journal entry that needs to to be made to adjust the Allowance for Doubtful Accounts? A) $ 9,300 B) $10,800 C) $12,300 D) $13,600 E) None of the above 18 The interest on a $12,800,6%, 150-day note is closest to which amount? A) $3,200.00 B) $32.00 C) $13,120.00 D) $320.00 19 Greco Inc. has a debit balance in its Allowance account of $530 before the adjustment for bad debts. The ending accounts receivable equal $49,000 and Greco estimates that 10% of these accounts receivable will be uncollectible. Which of the following is false? A) The amount of the adjusting entry will be more than the balance in the Allowance for Doubtful Accounts account after adjustment B) The ending Balance in the Allowance for Doubtful Accounts account will be $4,900 C) The existing balance in the Allowance for Doubtful account will be used in determining the amount for the adjusting entry D) Allowance for Doubtful Accounts will be credited for $5,430 E) The ending Balance in the Allowance for Doubtful Accounts account will be $5,430