A company had credit sales totaling $1,500,000 this year. The company has a policy estimating 1.25% of credit sales to be uncollectible. The Allowance for Doubtful Accounts has a current debit balance of $4,000. Select the correct answer identifying the journal entry What is to record this year's bad debt expense and ending balance in the Allowance for Doubtful Accounts. Question 9 options: Bad Debt Expense.........$18,750 Allowance D/A..................................18,750 to record bad debt expense Balance will be CR 14,750 in the allowance account Bad Debt Expense.........$18,750 Allowance D/A..................................18,750 to record bad debt expense Balance will be CR 18,750 in the allowance account Bad Debt Expense.........$14

Co.'s allowance for uncollectible accounts was $180,000 at the end of 2017 and $190,000 at the end of 2016. For the year ended December 31, 2017, Co'sreported bad debt expense of $31,000 in its income statement. What amount did Co's debit to the appropriate account in 2017 to write off actual bad debts?

Question 7 options:

	41,000
	21,000
	31,000
	51,000