QUESTION 10 A company's year-end Accounts receivable are $500,000. The unadjusted trial balance shows a $9,000 credit balance for the Allowance for Doubtful Accounts. In preparing year-end adjusting entries, management estimates that 7% of Accounts receivable will be uncollectible. How much bad debt expense must the company recognize? $24.550 $35,000 $44,000 $26,000 QUESTION 8 Which of the following is not true about sales discounts? They are classified as contra-revenues. They are rarely reported on the face of a company's income statement. They reduce a company's net revenue. They result from selling slow-moving products at a discounted sale price