Gill Co. prepared an aging of its accounts receivable at December 31, 20x5, and determined that the net realizable value of the receivables was $263503. Additional information is available as follows: Bad debt expense for 20x5 Accounts written off as uncollectible during 20x5 Accounts receivable at December 31, 20x5 Uncollectible accounts recovery during 20x5 $4239 14509 345067 2446 What was the credit balance in the allowance for doubtful accounts at Jan 1, 20x5? Select one: a. $271327 @ b. $83357 c. $352891 O d, $89388 Rosa's Roses has a wonderful selection of beautiful and colorful flowers. On July 2nd she receives an order from Nicole for 100 flowers. She prepares the order and ships them on July 9th. Because Nicole and Rosa are such close friends, Rosa covers the shipping costs. The flowers arrive on July 11th. Which of the following statements is true: Select one: O a. The journal entry to record revenue on July 2nd includes a credit to revenue. O b. On July 9th Rosa should not yet recognize revenue since there has not been a transfer of the risks and rewards of ownership to the customer O c. On July 9th Rosa should recognize revenue since there has been a transfer of the risks and rewards of ownership to the customer. O d. Regardless of when the flowers are delivered, Rosa will record revenue once Nicole pays her. Check