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Question 4 (10 points) Three-Hand Corp uses the percent of receivables method to estimate uncollectible accounts. Currently, its receivables are $2,500,000 and it believes 1.5%

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Question 4 (10 points) Three-Hand Corp uses the percent of receivables method to estimate uncollectible accounts. Currently, its receivables are $2,500,000 and it believes 1.5% of those receivables will be uncollectible. By what amount would you debit Bad Debt Expense and Credit Allowance for Doubtful Accounts if there is a debit balance of $7,000 in the Allowance for Doubtful Accounts? View hint for Question 4 Question 5 (10 points) If petty cash has more cash remaining than it should, you would Credit Cash Over Under. a) True b) False Question 6 (10 points) A large stock dividend is at least 20% of the outstanding stock. a) True b) False

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