On December 31, 20X1. the unadjusted trial balance of Larry's Yogurt Company [which makes an AJE (adjusting journal entry) for bad debts only at the end of the yearl contains the following: DebitCredit 100.000 Accounts Receivable Allowance for Doubtful Accounts500 Cash Sales Credit Sales 600,000 The A/R subsidiary ledger yields the following aging at December 31, 20XI (terms are 2/10, n/30). Also given are write-off percentages determined by the controller of Larry's Yogurt Co. The controller had used this method with respect to A/R in the past. 1-30 31 60 6190More than Category Total Current days past days past days past 90 days ic due due uc $100,000 0,000 20.000 $8,000 $2.000 S10.000 10.0% 1 .0% Write- off ercentage $600 $400 S240 $100 $1,000 Write- off Allowance 51. Calculate the amount which will be recorded in the AJE needed at December 31, 20X1 with respect to bad debts if the "percentage of receivables approach" [also called the A/R aging approach] is followed. A. S1,840 2,340 C 2,840 D. $3,000 52. What is the "book value of A/R that will be included on the December 31, 20X1 balance sheet of Larry's Yogurt Company under the "percentage of receivables approach"? A. $100,000 C. $97,150 B. $97,660 D. $597,660 53, Assume that Larry Yogurt's invoice #154 to Stella Smoothie for $200 is rmined to be uncollectible on January 20, 20X2. Which one of the following accounts will be debited in the write-off entry? B. A/R (Stella Smoothie) A. Bad Debt Expense C. Allowance for Doubtful Accounts D. Cash