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Current Attempt In Progress Marigold Corp. has outstanding accounts receivable totaling $1.26 million as of December 31 and sales on credit during the year of

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Current Attempt In Progress Marigold Corp. has outstanding accounts receivable totaling $1.26 million as of December 31 and sales on credit during the year of $6.21 million. There is also a debit balance of $5200 in the allowance for doubtful accounts. If the company estimates that 2% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $30400 O $25096. O $20000 O $25200. Current Attempt in Progress In preparing its bank reconciliation for the month of April 2017, Concord Corporation has the following information available. Balance per bank statement, 4/30/17 NSF check returned with 4/30/17 bank statement Deposits in transit, 4/30/17 Outstanding checks, 4/30/17 Bank service charges for April $102320 1345 15100 15540 57 What should be the correct balance of cash at April 30, 2017? $100478 $100535 $103168 $101880

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