If there were an uncollectible write off reversal in the same year as the write off, Bad Debts Recovered would be used rather than Bad Debts Expense. O True O False Determine the amount of the adjustment for bad debts given: Bad debts are estimated to be 11% of credit sales Accounts receivable balance $810,000 Allowance for bad debts balance (debit) $1,900 Net Credit Sales $470,000 $ 1. June Cleary estimates uncollectibles to be $2,300. There is a debit balance in the allowance account of $520. The adjusting entry amount under the aging of receivable balance sheet approach is: $2,300 O $520. O $2,820 O $1,780. Jones Consulting estimates uncollectibles to be $820. There is a credit balance in the allowance account of $390. The adjusting entry amount under the aging of receivable balance sheet approach is: O $390. $820 O $430. $1.210