5) On anuary 1, A Plus Services has the following balances: Accounts Receivable $28,000 (debit) Bad Debts Expense $0 A Plus Services has the following transactions during January: Credit sales of $110,000, collections of credit sales of $87,000, and write-offs of $19,000. A Plus Services uses the direct write-off method. At the end of January, the balance of Accounts Receivable is round until the final answer. Then round to the nearest whole dollar" A) $15,027 B) $32,000 C) $24,023 D) $51,000 Do not 6) When a company uses the allowance method to measure bad debts A) the Bad Debts Expense account is debited when an account is written off B) the amount of bad debts expense is estimated at the end of the accounting period C) the Allowance for Bad Debts account balance is added to the balance of the Accounts Receivable account to arrive at the net realizable value D) the Allowance for Bad Debts account is debited when the bad debts expense is estimated 7) Accounts Receivable has a balance of $34,000, and the Allowance for Bad Debts has a credit balance of $3,400. The allowance method is used. What is the net realizable value of Accounts eceivable before and after a $2,300 account receivable is written off? A) $30,600, $30,600 B) $28,300; $28,300 C) 530,600; $28,300 D) $28,300; 532,900 terprises uses the allowance method to account for uncollectible receivables. When an uncollectible account is written off A) the Bad Debt Expenmse account is debited uired because bad debt expense is estimated at the end of the accounting period ) no entry is req C) the write off has no effect on net income D) the Allowance for Bad Debts account is credited