Assuming that a company's accounts receivable is $4,000,000 and its allowance for a doubtful account has a debit balance of $10,000 and wants to have a desired balance of $40,000. Then, in using the balance sheet approach for making adjusting entires to set up a reserve account, the general journal entry should be which of the following Bad debt expense $10,000 OA Allowance for doubtful account $10,000 Bad debt expense $40,000 OB Allowance for doubtful account $40,000 Bad debt expense $30,000 Allowance for doubtful account $30,000 Bad debt expense $50,000 OD. Allowance for doubtful account $50,000 QUESTION 20 In estimating the bad debt expense, many companies follow the "Balance Sheet" approach. This approach includes which of the following? O A. Aging of Accounts Receivable or Analysis of Accounts Receivable by Age O B. Looking for a Desired Balance OC. Paying attention to the beginning balance of the allowance for doubtful account OD. All of the above QUESTION 21 Unearned revenue and marketable securities belong to which of the following categories of accounts? OA. Unearned revenue and marketable securities are both part of current liabilities. OB. Unearned revenue is part of current liabilities and marketable securities are part of current assets. OC. Unearned revenue is part of current assets and marketable securities are part of current liabilities. OD. Unearned revenue and marketable securities are part of current assets