Disability Services 6:14 PM dcc blackboard,com An accounting procedure that (1) estimates and reports bad debts expense from credit sales during the period the sales are recorded, and (2) reports accounts receivable at the estimated amount of cash to be collected is O Allowance method of accounting for bad debts. O Aging of notes receivable. O Adjustment method for uncollectible debts. O Direct write-off method of accounting for bad debts. O Cash basis method of accounting for bad debts. QUESTION 2 1 points Save Answer Darby uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 4% of accounts receivable, what is the amount of the bad debts expense adjusting entry? O $3,515 O $3,700 O $3,850 QUESTION 3 1 points Save Answer Darby uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925.000. If uncollectible accounts are estimated to be .5% of sales, what is the amount of the bad debts expense adjusting entry? O 625 O $3,960 O $5.290