8. If a company completes the year end with a debit balance in the Allowance for Doubtful Accounts it means: a. is the normal balance for that account b. indicates that actual bad debt write-offs have been less than what was estimated c. cannot occur if the percentage of receivables method of estimating bad dindicates that actual bad debt write-offs have exceeded previous e. something was incorrect with the journal entry and needs to be fixed. debts is used provisions for bad debts 9. Bunker Co. uses the percent of sales method of estimating uncollectible expenses. Based onpast history, 2% of credit sales are expectedto be uncollectible Sales for the current year are $5,550,000. Which of the following is correct regarding the entry to record estimated uncollectible receivables? a. Cash will be debited b. Bad Debt Expense will be credited c. Allowance for Doubtful Accounts will be credited d. Accounts Receivable will be debited e. Accounts Receivable will be credited 10. Wutzdoff Inc aging of its company's accounts receivable indicates the estimate of uncollectible receivables totals $7.900. If Allowance for Doubtful Accounts has a $700 record the bad debt expense for the period will require a a. debit to Bad Debt Expense for $8,600 b. debit to Bad Debt Expense for $7,900 c. debit to Bad Debt Expense for $7,200 d. credit to Allowance for Doubtful Accounts for $700 e. credit to Allowance of Doubtful Accounts for $8,600