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are these the right answers? if not which one is correct please? D Question 23 8 pts Use the following information: Accounts receivable, beginning of
are these the right answers? if not which one is correct please? D Question 23 8 pts Use the following information: Accounts receivable, beginning of year: $16,000 Allowance for UncollectibleAccounts, beginning of year: $1,200 Net credit sales during the year: $103,000 Collections on accounts receivable during the year: $95,000 Delinquent accounts written off during the year: $1,600 Assume all accounts have normal balances. If bad debts are estimated to be 10% of ending accounts receivable, the adjusting entry to recognize bad debts would debit bad debt expense for $1,440 O $1,040 $2.640 O $1.840 Question 24 8 pts Prior to the adjusting entry for bad debt expense. Desiree Company's balances for accounts receivable and allowances for doubtful accounts were $720,000 (debit) and $2,200 (debit), respectively. After the bad debt expense entry was posted, the net realizable value of accounts receivable was $653,000. Bad debt expense for the year was O $67.000 O $64.800 $67,800 O $69,200 D Question 25 8 pts On December 1, 2019. Angelo Company accepted a $50,000. 6%. 90-day note receivable for services rendered to a client. Assume the correct adjusting journal entry is made at the end of the accounting period on December 31, 2019. The journal entry to record the proceeds from the note at maturity will NOT include a credit to interest receivable for $250 credit to interest revenue for $500 debit to cash for $53.000 Credit to notes receivable for 550.000
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