Question 25 6.66 pts Lenard Company purchases a delivery truck at a cash price of $25,000. Related expenditures consist of sales taxes $1,500. painting and lettering $500, motor vehicle license $80, and a three-year accident insurance policy $1.600. What is the historical cost of the delivery truck? $26,500 $28.680 $27.000 $27.080 - - Question 26 6.67 pts --- $906 o $1000 Question 28 6.66 pts Deluxe Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $100,000 and credit sales are $2,000,000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Deluxe Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $1,000 credit balance before adjustment? O Dr. Bad Debt Exp. $3,000. Cr. Allowance for Doubtful Accounts $3,000 Dr.Bad Debt Expense $2.000. Cr. Allowance for Doubtful Accounts $2,000 Dr. Bad Debt Expense $3.000. Cr. Accounts Receivable $3.000 Dr. Bad Debt Expense $2.000. Cr. Accounts Receivable $2.000 6.60DS Question 25 6.66 pts Lenard Company purchases a delivery truck at a cash price of $25,000. Related expenditures consist of sales taxes $1,500, painting and lettering $500, motor vehicle license $80, and a three-year accident insurance policy $1,600. What is the historical cost of the delivery truck? O $26,500 $28,680 $27.000 $27.080 LU D USTESSE 10 Harvard cases C Chego Question 24 6.67 pts Unearned revenues resulting from advances from customers are considered a liability because: O The company providing the goods or services has usually signed a note payable. The customer is obligated to buy from the company. The company receiving the advance has not performed services or provided the promised good The customer is buying goods or services on account. 6.66 pts