At the end of the current year, using the aging of receivable method, management estimated that $25,500 of the accounts receivable balance would be uncollectible Prior to any year end aduates the Alowanca Doubtht Accounts had a debit balance of $700 What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense Muple Choice Bat Debits Expense 25,500 Allowance for Douttful Accounts 25,500 O Bad Debts Expense 26/200 Alliance for Doubtful Accounts 26,200 Accounts Receivable Allowance for Doubtful Accounts Accounts Rece Bad Debts Expense Sales Bad Debts Expense Allowance for Duttful Accounts 26,200 25,200) 25,500 300 26,200 24,000 Morgan inc uses a perpetual inventory system and the net method of recording purchases. On May 12, a merchandise purchase of $20,000 was made on credit, 3/10 n00. The journal entry to record this chase Mutu Choice Merchandise Inventory Accounts Payable Accounts Payable Purchases Accounts Payable Purchases Accounts Payalite Parchandise Inventory Accounts Payable 13,400 30, 20,000 39/40