Multiple-Choice (continued) 5.) Louise Company has the following balances: Net Credit Sales $ 1,200,000 240,000 Accounts Receivable Allowance for Doubtful Accounts (beginning balance) 3,000 Uncollectible accounts are estimated to be 6% of the receivables balance. Given this information, what is the company's estimated bad debt expense for the year? A. $14,400 B. $11,400 C. $17,400 D. $72,000 6.) Using the above information for Louise Company, what is the balance in the Allowance for Doubtful Accounts account after adjustment? A. $14,400 B. $11,400 $17,400 D. $72,000 Problem (4 points) 1.) On November 1, 2019, Ensenada Company sells $25,000 of merchandise, with a cost of $18,000, to customer M. Woods and accepts a 3-month, 12 % note as payment. Debit Credit Date Accounts