Question 13 Not yet answered Marked out of 2.00 P Flag question the accounting period for Margarete Company Accounts Receivable, $100,000: Allowance for Doubtful Assume the following unadjusted account balances at the end Accounts, $1,400 (debit balance); and Net sales, $1,200,000. if Margarete's past experience indicates credit losses of 1% of net sales, the adjusting entry to estimate doubtful accounts is: Select one: . Bad Debts Expense Allowance for Doubtful Accounts 12,000 12,000 B. Bad Debts Expense Allowance for Doubtful Accounts 10,600 10,600 C. Bad Debts Expense Accounts Receivable 12,000 12,000 O 13,400 D. Bad Debts Expense Allowance for Doubtful Accounts 13,400 Question 14 Not yet answered Marked out of 200 P Pagestion Tower, Inc. had net sales of $4,725,000 during 2019. On January 1, 2019, Tower's accounts receivable were 3960.000. On December 31, 2019, Tower's accounts receivable were $1,200,000 What was Tower's accounts receivable turnover for 2019? Select one: A. 8.53 OB.4.93 C.2.78 D.438 Question 15 Not yet answered Marked out of 200 P Flag question Percy Inc had net sales of $1,530,000 during 2019. On January 1, 2019, Percy's accounts receivable were $320,000. On December 31, 2019, Percy's accounts receivable were $400,000 What was Percy's average collection period for 2019? Select one A. 95.4 days B. 43.0 days C. 85.9 days O D. 15.5 days