Question 5 3 pts On April 23, 2020, Maverick Corp. received a payment from its customer who paid a $1,900 invoice dated April 15, 2020, 2020 with terms 3/10, n/60. Maverick's journal entry to record the receipt of payment on April 23, 2020 would include which of the following? O Debit Cash $57 Credit Sales Discounts $57 O Debit Cash $1,843 O Credit Accounts Receivable $1,843 Cash Sales 29.000 Their aging of receivables and estimated percentages uncollectible are: AGE OF RECEIVABLES Total % Estimated Uncollectible Total Uncollectible Current $1,500 2% $30 1-30 days past due $2.000 15% $300 31-60 days past due $2,100 50% $1,050 How much should Mack Corp's Bad Debt Expense be for July 2020 based on the above records? $27.620 $780 $1.380 $4,220 Question 7 Which of the following transactions would normally require a debit to Allowance for Uncollectible Accounts? Collecting Cash from an Account Receivable Reestablishing a Previously written off Account Receivable Writing off an Account Receivable Recognizing Bad Debt Expense Question 6 The following information is from Mack Corp's records at the end of July, 2020 Credit Sales $90,000 Accounts Payable 14,000 Accounts Receivable 5,600 Allowance for Uncollectible Accounts $600 credit Cash Sales 29,000 Their aging of receivables and estimated percentages uncollectible are: Total AGE OF RECEIVABLES Total % Estimated Uncollectible Uncollectible Current $1,500 2% $30 VALOTIESTDIE Uncollectibl. Current $1,500 2% $30 1-30 days past due $2,000 15% $300 31-60 days past due $2,100 50% $1,050 How much should Mack Corp's Bad Debt Expense be for July 2020 bas O $27,620 $780 O $1,380 O $4,220