ing only be debe m ade to follow the direct write of that have very few un the til receivables ates the machi n e for uncle receivables rond badut the period the requires the of a contability account r e 1) is added to accounts receivable Sisa by account holds the pool of unknown uncollectible accounts 9) Which of the following is TRUE of the balance sheet Debt? of the Allowance for ad A) It is shown as a contra account related to accounts receivable B) It is reported as a separate, independent line item under current assets C) It is reported as an operating expense. D) It is reported as a current liability. 10) Accounts Receivable has a balance of 532.000 and the Allowance for Bad Debts has a credit balance of $3.300. The allowance method is used. What is the net realizable value of Accounts Receivable before and after a $2300 account receivable is written oll? A) $27.400: $32,000 B) 529,700, 527,400 C) $29,700: $29,700 D) 527,400; 527 400 10) 11) After the December 31, 2019 adjusting journal entries have been posted, Sinclair Enterprises has the following account balances (all accounts have normal balances): 11) Account Title Accounts Receivable Allowance for Bad Debts Bad Debts Expense Account Balance $154.000 $4700 $8000 What is the net realizable as of December 21, 2019? A) $158,700 B) $141,300 C) $146,000 D) $149,300 12) The entry to write off an account receivable under the allowance method will A) increase net income B) reduce net income C) have no effect on net income D) increase total assets 12)__