6. In calculating a company's accounts receivable turnover ratio, which of the following sets of factors would be used? a. Net income and average accounts receivable b. "Total assets and average accounts receivable c. Total accounts receivable and net sales d. Net sales and average accounts receivable 7. Deuce Company uses the allowance method to estimate losses from uncollectible receivables. Net sales for the year are $240,000, and the company estimates its bad debts as 1 percent of net sales. If there is already a $1,200 debit balance in Allowance for Doubtful Accounts, how much should be recorded as Bad Debt Expense? a. $3,600 b. $2,400 c. $1,200 d. No entry is required 8. Following are the account balances from the December 31 trial balance of Tony Company: Accounts Receivable Allowance for Doubtful Accounts Sales Revenue Sales Returns and Allowances $ 60,000 2,400 (cr) 405,000 15,000 If 10 percent of the Accounts Receivable is estimated to be uncollectible, the entry to record the estimate of bad debts would include a debit to Bad Debt Expense for a. $6,000 b. $1,500 c. $8,400 d. $3,600