Our Business is Required to Report the DEC-31 Balance Sheet and other Financial Statements using GAAP Rules to the Bank. Our Business is reviewing the Accounts Receivable Account, using the Allowance Method. 1. Jan 1 The Beginning Balance in the Accounts Receivable Account was $300,000 2. Jan 1 The Beg Balance in the Allowance for Uncollectible Accounts was $30,000, Credit Balance. 3. During the Year Sales Revenues on Account were $3,000,000. 4. During the Year Cash Collected from Customers was $2,500,000. 5. During the Year The Corp wrote off Customers Accounts in the Amount of $25,000. 6. At DEC-31 We need to make a Journal Entry to record the Year End (Dec-31) Allowance for Un-Collectible Amounts using an Estimate that is Equal to 4% of the Ending Accounts Receivable Balance, that is estimated We will not Collect. Compute the Ending Accounts Receivable Balance at Year End [Choose ] [Choose ] Compute the Ending Balance in the Allowance for Un-Collectibles Account at 12-31 BEFORE ANY Adjustments have been Made. [ Choose Compute the Ending Balance in the Allowance for Un-Collectibles Account at 12-31 AFTER ALL Adjustments have been Made. [Choose Compute the Amount shown as Bad Debt Expense on the Income Statement for the Year Ended 12-31 [Choose Compute the Net Accounts Receivable Amount to Be Reported on the Balance Sheet at Year End, Using the Accounts Receivable Allowance method. The Write-Off of a Customer Account under the Direct Method will include which One of the Following ? Credit to the Accounts Receivable Account Credit to Bad Debt Expense Debit to Sales Revenues Credit to the Allowance for Bad Debt Account Debit to the Allowance for Bad Debt Account