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D) $10,000. 5. You have just received notice that Sarh Koonce a customer o f yours with an Accounts Receivable balance , h oe bankrupt

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D) $10,000. 5. You have just received notice that Sarh Koonce a customer o f yours with an Accounts Receivable balance , h oe bankrupt and will ot be making any future peyments, Assuming you use the allowance method, the entry you make is to A) debit Allowance for Uncollectible Accounts and credit Accounts Receivable. B) debit Uncollectible Accounts Expense and credit Accounts Receivable. C) debit Allowance for Uncollectible Accounts and credit Uncollectible Accounts Expense. D) debit Uncollectible Accounts Expense and credit Allowance for Uncollectible Accounts. Using the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $54,000. If the balance in Allowance for Uncollectible Accounts is an $18,000 credit before adjustment, wha 6. is the balance after adjustment? A) $18,000 B) $54,000 C) $72,000 D) $38,000 Page 1

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