23. Using the allowance method, the uncollectible accounts for the year is estimated to be $56,000. If the balance for the Allowance for Doubtful Accounts is a $14,000 debit before adjustment, what is the amount of bad debts expense for the period? a. $14,000 b. $42,000 c. $56,000 d. $70,000 24.In 2014, Garrison Company had net credit sales of $1,500,000. On January 1, 2014, Allowance for Doubtful Accounts had a credit balance of $36,000. During 2014, $60,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $400,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2014? a. $40,000 b. $150,000 c. $64,000 d. $60,000 : 9411 ation: 12/31/13