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Question 5 (0.5 points) Maple Co. provides for bad debts expense at the rate of 5.62% of ending Accounts Receivable. On Jan 1, 20X1, the
Question 5 (0.5 points) Maple Co. provides for bad debts expense at the rate of 5.62% of ending Accounts Receivable. On Jan 1, 20X1, the Allowance for Bad Debts was $20,000. There were $16,000 of accounts written off during the year. Credit sales for the year were $530,000. Ending Accounts Receivable was $155,000. What is the amount of Bad Debt Expense for the year? Enter your response as a whole number, no commas and no dollar signs. Your Answer: Answer Question 6 (0.5 points) Fred's Supply's month end bank statement shows a balance of $16,000. Outstanding checks were $10,000, and the $7,000 deposit on the last day of the month is not yet shown on the bank statement since it was made after 4 p.m. Bank service fees of $35 and a returned check (NSF) of $13 were shown on the statement are not yet recorded on the books. What is the correct (reconciled) month-end cash amount? Respond in a whole number, no commas and no dollar signs. Your
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