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Allowance for Doubtful Accounts has a credit balance of $889 at the end of the year (before adjustment), and an analysis of customers' accounts indicates
Allowance for Doubtful Accounts has a credit balance of $889 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $12,730. Which of the following entries records the proper adjustment for Bad Debt Expense? a. debit Allowance for Doubtful Accounts, $1L850 credit Bad Debt Expense, 511.050 Ob. debit Allowance for Doubtful Accounts, 513,625, cedit Bad Debt Expense $11,628 Oc debit Bad Debt Expeme 113.628 credit Allowance for Doubtful Accounts $13,628 Od debit Bad Debt Expens, $11,850, crest Allowance for Doubtful Acrmints $11.850 An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,660. If Allowance for Doubtful Accounts has a $1,318 credit balance, the adjustment to record the bad debt expense for the period will require a Oa, debit to Bad Debt Expense for $4.660 Ob. debit to Bad Debt Expense for $1.318 Oc credit to Allowance for Doubtful Accounts for $4,660 Od. debit to Bad Debt Expense for $3,342. A machine with a cost of $77,828.00 has an estimated residual value of $4,656.00 and an estimated life of 3 years or 19,796 hours. It is to be depreciated by the units of output method. What is the amount of depreciation for the second full year, during which the machine was used 4,691 hours? Do not round your intermediate calculations. O $24.390.67 $17,339.35 O $1844267 O 548.791.11
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