Question 85 (1 point) An aging of a company's accounts receivable indicates that $4,200 is estimated to be uncollectible. If Allowance for Doubtful Accounts has a $800 credit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debts Expense for $3,400. B) debit to Allowance for Doubtful Accounts for $3,400. C) debit to Bad Debts Expense for $4,200. D) credit to Allowance for Doubtful Accounts for $5,000. Question 86 (1 point) On January 1 of this year, Gertoni Lenders agrees to lend Ester Corp. $150,000. Ester Corp. signs a $150,000, 6%, 9-month loan. Interest is due at maturity. The entry made by Ester Corp. on January 1 to record borrowing the money is 150,000 A) Cash Bank Loan Payable 150,000 B) Cash Interest Expense Bank Loan Payable 150,000 6,750 156,750 C) Cash Interest Expense Bank Loan Payable 143,250 6,750 150,000 150,000 6,750 D) Cash Interest Expense Bank Loan Payable Interest Payable 150,000 6,750 Question 87 (1 point) A characteristic of an item listed as part of "Property, Plant, and Equipment" is that it is A) a mix of tangible and intangible items. B) held for sale in the ordinary course of the business. C) being used in the operations of the business. D) not currently used in the business but held for future use