42. (113) Trade-ins - Pratz owned a sport utility vehicle (SUV) with a book value of $6,000. It traded this old SUV in on a new one which cost $28,000. The dealer allowed Pratz a trade-in allowance of $7,000 on the old SUV, and Pratz paid the remainder in cash. Compute the following: DO NOT PUT DOLLAR SIGNS AND PUT COMMAS WHERE NEEDED. a. Cost basis on books of new SUV b. Gain on disposal of old SUV c. Amount of cash Pratz must pay to purchase the new SUV 41. (146). Casper Company uses its accounts receivables in estimating uncollectible accounts (Bad Debt) expense. The company prepares an adjusting entry to recognize this expense at the end of each month. The beginning credit balance in the Allowance for Doubtful Accounts at July 1 was $64,000. During the month of July, the company wrote off $9,000 in Accounts Receivable but also collected a receivable of $3,000 that had been written off back in April. An aging analysis at July 31 indicated that the new credit balance in the Allowance for Doubtful Accounts should be $69,000. On the adjusting entry on July 31, the debit to the Bad Debt Expense account would be: O A. $7,000 OB. $8,000. O C. $11,000 OD. $17,000