If a company had $200,000 in AR before a $5000 write off of an uncollectable, $5000 in ADA after the write off, what would it's Net or Cash Receivables be after the write off? $185,000 $190,000 $195,000 $200,000 If a company was using Percentage of Receivables bad debt estimation method and had a $2000 debit balance in ADA before estimating bad debt expense to be $10,000 on Dec 31, what would the ADA balance be after a subsequent $5000 write off of an uncollectable on Jan 15? $3,000 credit balance $5000 debit balance o $5000 credit balance $15,000 credit balance When a check that the company wrote for $2000 to a supplier on account was incorrectly recorded as $200, the Journal Entry should be: debit cash and credit AR debit AP and credit cash no JE required debit cash and credit AP debit AR and credit cash A check that the company wrote for $2000 to a supplier on account was incorrectly recorded as $200. The difference should be added to the cash balance per books subtracted from the cash balance per books added to the cash balance per bank o nothing needs to be added or subtracted subtracted from the cash balance per bank The managers of Teng Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they likely to favor in periods of declining prices? FIFO Average Cost LIFO Physical inventory method On 12/31/17, Sonoran Sound Systems estimates that 5% of its $200,000 receivables will be uncollectable. The Allowance for Doubtful Accounts already has a debit balance of $2000. What is the journal entry to make the adjustment to record estimated uncollectible receivables? debit Bad Debt Expense $10,000 and credit ADA $10,000 debit ADA $12,000 and credit AR $12,000 debit ADA $10,000 and credit AR $10,000 debit Bad Debt Expense $12,000 and credit ADA $12,000