bad Pou 8) At year-end, Chief Company has a balance of $10,000 in accounts receivable of which $1,000 is more than 30 days overdue. Chief has a credit balance of $100 in the allowance for doubtful accounts before any year-end adjustments. Using the aging of accounts receivable method, Chief estimates that 1% of current accounts and 10% of accounts over thirty days are collectible. What is the amount of bad debt expense? 10 Allannance for PA A) $90. B) $290. Beg 1100 C) $190. write-otts Baddobe D) $100. $16,000x 1% expense 1.00 6107 E10 - 18 Recording the Early Retirement of a Bond Issued at a Discount (with Discount Account) Several years ago, Nicole Company issued bonds with a face value of $1,000,000 for $945,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 5 percent over par. The bonds have a current book value of $984,000. Record the retirement of the bonds, using a discount account