maining Time: 2 hours. 10 minutes, 30 seconds estion Completion Status a $220 b. $360 5370 d. 5740 QUESTION 37 Tracie's Trikes Inc. is a mawacturer of bicycles Tres Tres sold 1000 bicycles to Bert's Bikes and Sports on account for $150.000. The company uses the allowance method to record bad debts. The company recently found out that Bets and Sports has gone out of business and dear that Tradies Trikes will not be paid. Whatentry should the company should record? D. Bad Debt Expense $150.000 Ct. Accounts Receivable $150,000 Dr. Allowance for Doubtful Accounts bCr Accounts Receivable $150,000 $150.000 5150.000 Dr. Accounts Receivable Cr. Bad Debt Expense $150.000 Ortad Debt Expense cr. Casti 5150.000 $150.000 QUESTION The board of sections of declared a cath Bend of 50 per share on December 1. The company has 275.000 hrs of common stock thored. 150.000 es ud and 15.000 shares standing. What is the entry Morginc needs to record on the date of in 155.000