During 2017, Patterson Wholesale Company had net credit sales of $750,000. On January 1, 2017, Allowance for Doubtful Accounts had a credit balance of $18,000. During 2017. $30,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of- receivables basis). If the accounts receivable balance at December 31 was $200,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017? O $20,000 $32,000 O $30,000 O $28,000 An aging of a company's accounts receivable indicates that $9500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3920 debit balance, the adjustment to record bad debts for the period will require a O debit to Bad Debt Expense for $9500. O credit to Allowance for Doubtful Accounts for $9500. O debit to Allowance for Doubtful Accounts for $13420. O debit to Bad Debt Expense for $13420. Ryan Leaf Company uses the percentage-of-receivables method for recording bad debts expense. The accounts receivable balance is $60,000 at year-end and the total credit sales were $2,300,000 for the year. Management estimates that 3% of receivables will be uncollectible. What adjusting entry should be made if the Allowance for Doubtful Accounts has a credit balance of $200 before adjustment? 1.800 O Bad Debts Expense Allowance for Doubtful Accounts 1,800 1.800 O Allowance for Doubtful Accounts Bad Debt Expense 1.800 1,600 O Bad Debts Expense Allowance for Doubtful Accounts 1.600 1,600 O Bad Debts Expense Accounts Receivable 1,600 Crane Company issued $8000000 of 6%, 10-year bonds on one of its interest dates for $6909500 to yield an effective annual rate of 8%. The effective interest method of amortization is to be used. What amount of discount (to the nearest dollar) should be amortized for the first interest period? O $109050 O $145520 O $72760 O $225413 Hanlin Enterprises issued 2.000 bonds with a face value of $1,000 each at 97. What is the entry to record the issuance? O Cash 1.940.000 Bonds Payable 1,940,000 O Cash Discount on Bonds Payable Bonds Payable 1,940,000 60.000 2.000.000 2,000,000 O Cash Discount on Bonds Payable Bonds Payable 60,000 1,940,000 O Cash 2,060,000 Discount on Bonds Payable Bonds Payable 60,000 2.00,000