17) Which of the following statements about the receivables turnover analysis is correct? A) Accounts receivable increase as companies receive payment. B) Accounts receivable decline as companies sell on credit. C) Receivables turnover refers to how fast receivables are collected. D) The days to collect will increase as the receivables turnover increases. 18) Kata Company uses the allowance method. On May 1, Kata wrote off a $22,000 customer account balance when it becomes clear that the particular customer will never pay. The journal entry to record the write-off on May 1 would include which of the following? A) Debit to Accounts Receivable and credit to Allowance for Doubtful Accounts. B) Debit to Allowance for Doubtful Accounts and credit to Accounts Receivable. C) Debit to Bad Debt Expense and credit to Allowance for Doubtful Accounts. D) Debit to Allowance for Doubtful Accounts and credit to Bad Debt Expense. 19) Star Enterprises uses the aging of accounts receivable method. The following information comes from its accounting records: I Cash sales Credit sales 400,000 1,600,000 Total sales 2,000,000 Credit balance in the Allowance for Doubtful Accounts Estimated uncollectible accounts receivables 10,000 38,000