= Question 4 Not yet answered Marked out of 1.00 Flag question Time left 0:23:07 Al-Riyad Corporation issued 19,000 ordinary shares of $6 par value for $13 per share. The entry to record this transaction includes a credit to Share Premium-Ordinary for O $38,000. O $133,000. O $247,000. O $114,000. ll ALWEHDAT 8:41 PM juexams.com 62% 4 Time left 0:19:40 Arab Company uses the percentage of receivables method for recording bad debt expense. End of the year accounts receivable are $150000, and the allowance account has a $800 credit balance Management estimates that 1% accounts receivable will be uncollectible. What adjusting entry will Arab Company make to record the bad debt expense? a. debit to Bad Debt Expense for $1500; credit to Accounts Receivable for $1500. Ob. debit to Bad Debt Expense for $700; credit to Allowance for Doubtful Accounts for $700. Oc. debit to Bad Debt Expense for $2300; credit to Allowance for Doubtful Accounts for $2300. O d. debit to Bad Debt Expense for $700; credit to Accounts Receivable for $700. is rec unda Cas