23. When the allowance method of accounting for uncollectible accounts is used, Bad Debt Expense is recorded A. in the year after the credit sale is made. B. in the same year as the credit sale. C. as each credit sale is made. D. when an account is written off as uncollectible. 24. A company has a financial year end of 31 December 2019. At 31 December 2018, the company had a prepayment for rates expenditure of RM1, 000. On 1 April 2019, the company paid rates of RM4, 500 for the 12 months to 31 March 2020. What expense should the company recognize in respect of rates in its statement of profit or loss for its financial year to 31 December 2019? A. RM5,500 B. RM4,500 C. RM4,375 D. RM1,000 25. A company has a financial year end of 30 June 2020. At 1 July 2019, the company had a prepayment for gas of RM1,000. During the year, the company paid bills totalling RM6,000. At 30 June 2020, the directors estimated that the cost of the gas used but not invoiced to the company was RM1,200. What is the expense charge for gas that the company should recognize in its accounts for the year 1 July 2019 to 30 June 2020? A. RM5,800 B. RM6,200 C. RM7,000 D. RM8,200