19. An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $4,295. If Allowance for Doubtful Accounts has a $1,187 credit balance, the adjustment to record the bad debt expense for the period will require a

a.debit to Bad Debt Expense for $3,108.

b.debit to Bad Debt Expense for $4,295.

c.credit to Allowance for Doubtful Accounts for $1,187.

d.debit to Bad Debt Expense for $5,482

20. Allowance for Doubtful Accounts has a credit balance of $1,438 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $18,066. Which of the following entries records the proper adjustment for bad debt expense?

a.debit Bad Debt Expense, $19,504; credit Allowance for Doubtful Accounts, $19,504

b.debit Allowance for Doubtful Accounts, $19,504; credit Bad Debt Expense, $19,504

c.debit Allowance for Doubtful Accounts, $16,628; credit Bad Debt Expense, $16,628

d.debit Bad Debt Expense, $16,628; credit Allowance for Doubtful Accounts, $16,628

21.

Paper Company receives a $4,914, three-month, 12% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note?

a.

Notes Receivable, Dame Company	$4,914
Accounts Receivable, Dame Company		$4,914

b.

Notes Receivable, Dame Company	$4,914
Interest Revenue	$147
Accounts Receivable, Dame Company		$4,914
Interest Receivable		$147

c.

Notes Receivable, Dame Company	$5,061
Accounts Receivable, Dame Company		$5,061

d.

Notes Receivable, Dame Company	$5,061
Accounts Receivable, Dame Company		$4,914
Interest Revenue		$147