An aging of a company's accounts receivable at the end of the year indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,100 credit balance prior to any year end adjustment, the adjustment to record bad debts for the year will require a debit to Bad Debts Expense for $4,000. debit to Allowance for Doubtful Accounts for $2,900. debit to Bad Debts Expense for $2,900. credit to Allowance for Doubtful Accounts for $4,000. Under the allowance method for uncollectible accounts, the net realizable value of accounts receivable is greater before an account is written off than after it is written off. Bad Debts Expense is debited when a specific account is written off as uncollectible. the net realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. O Allowance for Doubtful Accounts is closed each year to Income Summary. Jotty's crafts in had $250,000 of current assets and $90,000 of current liabilities before borrowing $50,000 from the bank with a 3-month note payable.What effect did the borrowing transaction have on Currie Company's current ratio? The ratio remained unchanged. The change in the current ratio cannot be determined. The ratio decreased. The ratio increased. 4. For the current year, the following data were taken from the accounting records: Sales Sales Returns and Allowances Purchases Purchase Returns and Allowances Purchase Discounts Freight-in Beginning Inventory Ending Inventory $900,000 30,000 500,000 8,000 4,000 2,000 90,000 130,000 10. What were the net sales? $862,000 $858,000 $900,000 $870,000