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EFG Retail Company uses the allowance method balance sheet approach) to determine bad debit expense. By aging its accounts receivable. EFG has determined that the

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EFG Retail Company uses the allowance method balance sheet approach) to determine bad debit expense. By aging its accounts receivable. EFG has determined that the estimated portion of total accounts receivable of S15.000.000 that are uncollectible totalis 5195.000 The unadjusted balance in the allowance for uncollectible accounts is a credit balance of $8,000 What is the amount needed to record bad debe expense for the period 201 QUESTION 2 ABC Co prepares a monthly bank reconciliation, resulting in adjusted bank and depositor (book) balance(s) that are in agreement Determine which tam is best represented in ABC Co's bank reconciliation for the following ABC Co.'s bank statement contained a debitmemo for $25 for a check printing charge but these checks were for a different company and should have been charged to that different company a Added to the depositor's (book) balance Ob Deducted from the bank balance OcDeducted from the depositor's (book) balance Od Added to the bank balance QUESTIONS ABC Co prepares a monthly bank reconciliation, resulting in adjusted bank and depositor (book) balance(s) that are in agreement Determine which item is best represented in ABC Co's bank reconciliation for the following ABC Co wobe several checks near the end of the month that did not appear as having cleared on the bank statement that was received for that month O Added to the depositor's (book) balance Ob Deducted from the bank balance Oc Added to the banke 4. Deducted from the deposito's book) balance QUESTION 4 Save AIA

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