QUESTION 30 Use the following data for the next questions. Ouestion 3 of 3 At the end of January, the unadjusted tre balance of Vernon, Inc., Included the following accounts: ACCOUNT Cred Sales Brod AR ADA Refer to the above data. Vernon estimates bad debts expense to be 2% of credit sales. After the adjusting entry is made, the net realizable value of Vernon's accounts receivable in the January 31 balance sheet is: A None of the above $107.000 $108.480 $117,600 $106.720 QUESTION 38 Use the following data for the next 3 questions. (Question 2 of 3) At the end of January, the unadjusted trial balance of Vernon, Inc., included the following accounts: ACCOUNT Debit Credit $150,000 Sales (80% represent credit sales) Accounts Receivable Allowance for Doubtful Accounts $110.000 $2.000 Refer to the above data. Vernon estimates bad debts expense to be 2% of credit sales. What is the amount of Bad Debts expense recognized in Vernon's income statement for January? OA $3.280 $2,400 None of the above $2,200 C D $1.520 E