Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is: Multiple Choice C) 2,000 Cash Accounts Receivable-A. Hopkins 2.ee Bad Debts Expense Accounts Receivable-A. Hopkins 2.000 2,000 Allowance for Doubtful Accounts Accounts Receivable-A. Hopkins 2,000 2.000 Accounts Receivable A. Hopkins Cash 2.000 Accounts Receivable A. Hopki Bad Debts Expense 2,000 A company has $106,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $960 debit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for Multiple Choice O None of these is correct In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30 $6,220 Deposits in transit at month-end $1,410 Outstanding checks at month-end $ 730 Bank charge for printing new checks $ 100 Note receivable and interest collected by bank on Donahue's behalf $ 660 A check paid to Donahue during the month by a customer is retured by the bank as NSF $ 590 The adjusted cash balance per the books on April 30 is: Multiple Choice O $6.780 O $6.990 O $8.050 0 $4.050 Mohr Company purchases a machine at the beginning of the year at a cost of $27.000. The machine is depreciated using the straight line method. The machine's useful life is estimated to be 8 years with a $5,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice