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Dalton Company uses the allowance methad to account for uncollectible receivables. Dalton has determined that the Irish Company account is uncollectible. To write off this account, Dalton should debit a. Allowance for Doubtful Accounts and credit Accounts Recelvable Ob. Bad Debt Expense and credit Allowance for Doubtful Accounts C. Accounts Recelvable and credit Allowance for Doubtful Accounts d. Bad Debt Expense and credit Accounts Receivable At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit balance of $5,500; and sales for the year total $2,500,000. An analysis of recelvables estimates uncollectible recelvables as $25,000 Determine the net realizable value of accounts receivable after adjustment. (Hint: Determine the amount of the adjusting entry for bad debt expense and the adjusted balance of Allowance for Doubtful Accounts.) a. $525,000 Ob. $544,500 c. s575,000 d. $550,000 When comparing the direct write-off method and the allowance method of accounting for uncollectible receivables, a major difference is that the direct write-off methood O a. is used primarily by small companies with few receivables Ob. is used primarily by large companies with many receivables O c. uses a percentage of sales to estimate uncollectible accounts Od. uses an allowance account Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $276,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 8% of the outstanding receivables will be uncollectible. what adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,200 before adjustment? a. Bad Debt Expense b. Bad Debt Expense O c. Bad Debt Expense $19,880 Allowance for Doubtful Accounts $19,880 $20,880 Allowance for Doubtful Accounts $20,880 $19,380 Allowance for Doubtful Accounts $19,380 d. Bad Debt Expense $18,880 Allowance for Doubtful Accounts $18,880