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MC help please QUESTION 16 McGlone Corporation had a 1/1/20 balance in the lowance for Doubtful Accounts of $40,000. During 2020, it wrote of $28,000

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QUESTION 16 McGlone Corporation had a 1/1/20 balance in the lowance for Doubtful Accounts of $40,000. During 2020, it wrote of $28,000 of accounts. The balance in Accounts Receivable was $800.000 at 1/1 and $960,000 at 12/31. At 12/31/20, McGlone estimates that 6% of accounts receivable will prove to be uncollectible. What should McGlone report as its Allowance for Doubtful Accounts at 12/01/207 O a $37,200 Ob.$45,600 Oc$57,600 Od 548,000 Oo. None of the above are correct. QUESTION 17 Boll Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In addition, the following items were not included in the physical count. Bel Inc determined that 596.000 of goods purchased were in transit that were shipped to be shipping point (goods were actualy received by the company three days after the inventory count). The company sold $40,000 worth of Inventory to b. destination. What amount should Bell report as inventory at the end of the year? O a $840,000 Ob. $036,000 Oc. $880,000 Od 5976,000 Oe. None of the above are correct

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