Multiple Choice Question 122 In 2022 Splish Brothers Inc. had net credit sales of $2790000. On January 1, 2022, Allowance for Doubtful Accounts had a credit balance of $62000. During 2022, $95000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $640000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022? O $64000 O $95000 $97000 $29000 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Multiple Choice Question 111 Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $51500. If the balance of the Allowance for Doubtful Accounts is a $6300 credit before adjustment, what is the amount of bad debt expense for that period? $45200 O $57800 O $6300 O $51500 Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER G