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Needing some help with both questions please. Explainations would be great as well! 9. Johnson Co. uses an aging schedule to estimate bad debts. An

Needing some help with both questions please. Explainations would be great as well! image text in transcribed
9. Johnson Co. uses an aging schedule to estimate bad debts. An aging analysis shows that $60,000 in accounts are estimated to be uncollectible. The Allowance for Uncollectible Accounts already has a $5,000 credit balance. For what amount should the account be adjusted (credited)? a. $65,000 b. $70,000 c. $60,000 d. S55,000 10. Jacobs Co. uses a percentage of credit sales to estimate bad debts. Past experience indicates that about 2% of credit sales will become uncollectible. Credit sales for the current month are $400,000. The Allowance for Uncollectible Accounts already has a $3,000 debit balance. For what amount should the account be adjusted (credited)? a. $83,000 b. $5,000 c. $8,000 d. S11,000 Page 1 of 1 399 words Focus

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