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Adams Co. had a beginning balance in Accounts Receivable of $500,000 and a beginning credit balance in the Allowance for Doubtful Accounts of $ 15,000.

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Adams Co. had a beginning balance in Accounts Receivable of $500,000 and a beginning credit balance in the Allowance for Doubtful Accounts of $ 15,000. During the year he sold $800,000 of goods on credit and collected $600,000. If Adams estimates that of his ending accounts receivable will eventually not be collected, his adjusting journal entry for the bad debt expense will include a credit to allowance for doubtful accounts of $ 21,000 $ 12,000 $ 6,000 $ 22,000 None of the above QUESTION 3 Still Adams Co. - If Adams had written off $ 5.000 of accounts receivable during 2011, the debit to bad debt expense would have been $5.850 $ 10,850 O$ 20,850 $ 11,450 None of the above QUESTION 4 Still Adams Co. - After the $5,000 write off of accounts receivable and the recording of the bad debt expense, the ending balance in the Alowance for Doubtful Accounts at December 31 would be: $5,850 $10,850 $ 20,850 $ 11,450 None of the above

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