9) The following information is from the records of Pangolin Camera Shop: Accounts Receivable, December 31, 2017 llowance for Bad Debts, December 31, 2017 ior to adjustment 900 (debit Accounts written off as uncollectible during 2017 Bad expense is estimated by the aging-of-receivables method. Management estimates that $2,950 the amount of net accounts receivable after of accounts receivable will be uncollectible. Calculate the adjustment for bad debts. A) $22,950 B) $22,050 C) $21,150 D) $20,800 10) The Allowance for Bad Debts account has a credit balance of $3,000 before the adjusting entry that 5% of net credit sales will be for bad debts expense. The compa uncollectible for the year 2017. Net credit sales for the year amounted to $290,000. What is the ny's management estimates amount of Bad Deb ts Expense reported on the income statement for 2017? A) $14,500 B) $17,500 C) $7,250 D) $11,500 11) The Allowance for Bad Debts account has a debit balance of $9,000 before the adjusting entry for bad debts expense. After analyzing the account the company's management estimates that uncoll the amount of the adjustment in the Allowance for Bad Debts account? A) $18,250 B) $10,000 C)$17,900 D) $19,000 in the accounts receivable subsidiary ledger ectible accounts will be $10,000, What will be 12) Niagara Art is a new business. During its first year of operations, credit sales were $44,000 and collections of credit sales were $33,000. One account, $625, was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. Bad debts expense for the first year of operations is A) $255 B) $880 C) $625 D) $1,540