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LLUT Allowance for Doubtful Accounts has a credit balance of $524 at the end of the year (before adjustment), and an analysis of accounts in
LLUT Allowance for Doubtful Accounts has a credit balance of $524 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates that the estimated amount of uncollectible accounts is $16,222. Based on the estimate, which of the following adjusting entries should be made? Oa dobit ad Debt Expense, 515.698, credit Allowance for Doubtful Accounts, 515,098 Ob. debit Bad Debt Expense, 5524 credit Allowance for Doubtful Accounts, 5324 Oc debit Bed Debt Expense, 516,746 credit Allowance for Doubtful Accounts, 516,746 Od. debit Allowance for Doubtful Accounts, S524, credit Bad Debt Expenie, 5524 If a feed asset, such as a computer, were purchased on January 1 for $1,742 with an estimated Ife of 3 years and a salvage or residual value of $130, the journal entry for monthly expense under straight-line depreciation is Oa. Accumulated Depreciation 44.78 Depreciation Expense 44.78 Ob. Depreciation Expense 44.78 Accumulated Depreciation 44.78 Oc Depreciation Expense 537.33 Accumulated Depreciation Od. Accumulated Depreciation 53733 Depreciation Expense 53733 537.33 An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $5,464. If Allowance for Doubtful Accounts has a $871 debit balance, the adjustment to record the bad debt expense for the period will require a Oa. debit 10 Bad Debt Expense for 5871. Ob. debit to Bad Debt Expense for 56,335 c. debit to Bad Debt Expense for 55.464. Od credit to Allowance for Doubtful Accounts for 55.464 Allowance for Doubtful Accounts has a debit balance of $813 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger Indicates uncollectible receivables of $15,992. Which of the following entries records the proper adjusting entry for bad debt expense? Oa, debit Bed Debt Expense, 515,179, credit Allowance flot Doubtful Accoum, 513,179 Ob. dobit Allowance for Doubtful Accm, 515,992 credit Bed Debt Expense,515,992 Oc. debit Bad Debt Expense, 516,803: credit Allowance for Doubtful Accounts, $16.805 Od debit Bad Debt Expense, 5813, credit Allowance for Doubtful Account. 5813
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