5 Ericsson Company has a credit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Ericsson estimates that $60,000 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is: d out of question Select one: a. $65,000. b. $5,000. C. $60,000. d. The answer does not exist e. $55,000. 16. ed The cash account shows a balance of $85,000 before reconciliation. The bank statement does not include a deposit of $5,000 made on the last day of the month. The bank statement shows a collection by the bank of $2,400 and a customer's check for $680 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $183. The correct balance in the cash account was out of g question Select one: a. $95,350. b. The answer does not exist C. $86,540. d. $86,585. e. $87,400