Blake Smith: Attempt 1 PIJUOVU D) $154,400 Question 19 (1 point) The Allowance for Bad Debts account has a credit balance of $2000 before the adjusting entry for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $270,000. What will be the balance of Allowance for Bad Debts on the December 31, 2019 balance sheet? A) $5360 B) $2000 C) $5400 D) $7400 Saved Question 20 (1 point) Masonry Construction Group paid $10,000 for a plant asset that had a market value of $14.500. At which of the following amounts should the plant asset be recorded? So 4 5 6 7 8 9 0