88, Roberta's Company has the following transaction totals for the month. Use this information to answer the question below

Sales Returns and Allowances $1,300 Sales Discounts 1,100 Inventory purchased 25,000 HST Paid 3,250 Sales $2,000 HST Collected 6,760 Discounts on purchases 2,505 Purchases Returns and Allowances 1,000 Cost of Freight-In 920 Beginning Inventory 6,775 Cost of Goods Sold 11,650 Based on the above, Ending Inventory is Answer: 89) Which financial statement reports Bad Debts Expense? BETON A) Statement of owner's equity B) Income statement C) Balance sheet D) None of these answers are correct OL 90) When a journal entry is recorded to estimate an Allowance for Doubtful Accounts, the Accounts Receivable subsidiary ledger must be updated immediately. Answer: TRUE OR FALSE 91) Allowance for Doubtful Accounts is closed at the end of every accounting period. Answer: TRUE OR FALSE 92) A company uses the allowance method and has estimated $2,000 of their Accounts Receivable as uncollectible. The journal entry to record the estimated uncollectible amount is: A) Allowance for Doubtful Accounts $2,000 Bad Debts Expense $2,000 B) Accounts Receivable $2,000 Allowance for Doubtful Accounts $2,000 C) Bad Debts Expense $2,000 Accounts Receivable $2,000 DON D) Bad Debts Expense $2,000 Allowance for Doubtful Accounts $2,000