1At December 31, 2020, Chambers Co. has gross accounts receivable of $127,000. There is a $10,000 debit balance in the Allowance for Doubtful Accounts (at December 31, 2020 before adjustment). At December 31, 2020, management estimates that 15% of the gross accounts receivable will be uncollectible. The adjusting entry at December 31, 2020 will include a debit to Bad Debts Expense for: a) $10,000 b) 59,050. c) $19,050 d) $29,050 I 2. When an Accounts Receivable is written off using an Allowance method the: a) Net Realizable Value (Carrying Amount) of total Accounts Receivable will increase b) Allowance for Doubtful Accounts account will decrease. c) Allowance for Doubtful Accounts account will increase d) Total gross Accounts Receivable will stay the same 3Rocco Company uses the income Statement approach to estimate its bad debts and record the allowance related to them. At December 31, 2020, Rocco estimated bad debts to be $15,000. There is a credit balance in the Allowance for Doubtful Accounts of $950 (at December 31, 2020 before adjustment). The adjustment to the Allowance for Doubtful Accounts at December 31, 2020 will include 3Rocco Company uses the Income Statement approach to estimate its bad debts and record the allowance related to them. At December 31, 2020, Rocco estimated bad debts to be $15.000. There is a credit balance in the Allowance for Doubtful Accounts of $950 (at December 31, 2020 before adjustment). The adustment to the Allowance for Doubtful Accounts at December 31, 2020 will include E- a) credit for $15,000 b) credit for $15,950 c) credit for $14,050 d) no adjustment required