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QUESTION 4 An aging of a company's trade receivables indicates that $6,500 is estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200

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QUESTION 4 An aging of a company's trade receivables indicates that $6,500 is estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require a debit to Bad Debts Expense for $6,500. debit to Bad Debts Expense for $5,300. debit to Bad Debts Expense for $7,700. debit to Allowance for Doubtful Accounts for $6,500. QUESTION 5 Central Company sold goods for $5,000 to Western Company on March 12 on credit. Terms of the sale were 2/10, /30. At the time of the sale, Central recorded the transaction by debiting Trade Receivables for $5,000 and crediting Sales Revenue for $5,000, Western paid the balance due on April 9. To record the April 9 transaction, Central would debit which of the following? Sales discounts for $100. Cash for $4.900. Cash for $5,000 Trade Receivables for $5,000

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