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PLEASE HELP ASAP Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Which of

PLEASE HELP ASAP
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Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Which of the following accounts would we debit to record the write-off? accounts receivable allowance for doubtful accounts bad debt expense cash Question 28 1pts Our company uses the percentage of sales method to estimate bad debt expense for the year. Our allowance for bad debts account has a credit balance of $1,000 prior to the adjusting entry for bad debt expense. We have estimated that 2% of net credit sales will be uncollectible for the current year. Net credit sales for the year totaled $200,000. What will be the balance in allowance for bad debts after the adjusting entry is recorded? $3,000 $4,000 $5,000 $6,000 Our company has an account receivable for $12,500 that we have now deemed uncollectible. We use the direct write-off method. Which of the following accounts would we debit to record the write-off? accounts receivable allowance for doubtful accounts bad debt expense cash Our company uses the percentage of sales method to estimate bad debt expense for the year. Our allowance for bad debts account has a credit balance of $1,000 prior to the adjusting entry for bad debt expense. We have estimated that 2% of net credit sales will be uncollectible for the current year. Net credit sales for the year totaled $200,000. What will be the balance in allowance for bad debts after the adjusting entry is recorded? $3,000 $4,000 $5,000 $6,000

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