At the end of the current year, using the aging of receivable method, management estimated that $27.750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $495. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice O Bad Debts Expense Allowance for Doubtful Accounts 27,750 O Bad Debts Expense C Allowance for Doubtful Accounts O Bad Debts Expense Allowance for Doubtful Accounts O Accounts Receivable Bad Debts Expense I Sales 28, 245 O Accounts Receivable Allowance for Doubtful Accounts A company has $97,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 3% of outstanding receivables are uncollectible. The current balance before adjustments) in the allowance for doubtful accounts is an) $870 debit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for: Multiple Choice None of these is correct A company has $100,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 5% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is an $900 credit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for Multiple Choice 4,955 $5,045 Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its card. On May 26, Brinker had $5,800 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit? Multiple Choice O Debit Cash $5,800; credit Sales $5,800 Debit Accounts Receivable $5,510; debit Credit Card Expense $290; credit Sales $5,800 Debit Cash $5,510; debit Credit Card Expense $290, credit Sales $5,800 Debit Accounts Receivable $5,000; credit Sales $5,800 Debit Cash $6,090; Credit Credit Card Expense $290, credit Sales $5.800