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could i have some help with these accouting questions QUESTION 5 The following information is from the records of Armadillo Camera Shop: Accounts Receivable at

could i have some help with these accouting questions

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QUESTION 5 The following information is from the records of Armadillo Camera Shop: Accounts Receivable at 31 December 2020 is $22 000; Allowance for doubtful Debts 31 December 2019 is a $900 DR. The accounts written off as uncollectable during 2020 was $400. 1 points Save Answer Bad debts expense is estimated by the ageing of accounts receivable method. Management estimates that $3150 of accounts receivable will be uncollectable. Calculate the amount of net accounts receivable after the adjustment for bad debts. $19,750 $17,550 $18,850 $17,950 QUESTION 6 The Allowance for doubtful debts account has a credit balance of $4000. The company's management estimates that 3% of net credit sales will be uncollectable for the year 2019. Net credit sales for the year amounted to $260,000. What will be the amount of Bad debts expense reported on the 1 points Save Answer income statement for 2019? $3900 $11,800 $7800 $3800 QUESTION 7 Accounts receivable has a balance of $16000 and the Allowance for doubtful debts has a credit balance of $1 100. The allowance method is used. What is the net realisable value after a $170 account receivable is written off? 1 points Save Answer $7550 $14900 $14730 $15070 QUESTION 8 A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were credit sales of $40,000 and collections of credit sales of $33,000. One account for $675 was written off. Smart Art uses the ageing method to account for bad debts expense. It 1 points Save Answer has estimated $275 as uncollectable at year-end. At the end of the year, what is the ending balance in the Bad debts expense account? $6050 $275 $675 $950

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