normal balances): orporation's unadjusted trial balance includes the following balances Accounts Receivable Allowances for Uncollectible Accounts expense will the company record a. $134,280 b. $ 91,680 Bad debts are estimated to be 6% of outstanding receivables. $2,238,000 $ 42.600 What amount of bad debts c. S 89,124 d. $136,836 51. Allowance for Uncollectible Accounts is reported in the balance sheet as a contra asset. b. a. balance sheet as a contra liability account. income statement under other expenses and losses. d. c. income statement under other revenues and gains. 52. All of the following are intangible assets except a. patents. b. land improvements. . goodwill. A company purchased factory equipment on April 1, 2017, for $72,000. It is estimated that t equipment will have a $9,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017, is d. franchises. a. $7,200. b. $6,300 c. $4,725. d. S5,400 a. sale price exceeds the book value of the asset sold. b. sale price exceeds the original cost of the asset sold. c. book value exceeds the sale price of the asset sold. d. sale price exceeds the depreciable cost of the asset sold 54. When an asset is sold, a gain occurs when the