QUESTION 9 Leia Company forgot to record the bad debt write-off of customer, Luke Enterprises. As a result: a. Bad debt expense was overstated; accounts receivable overstated O b. There was no impact to total assets OC Assets were overstated; bad debt expense was understated O d. Accounts receivable was overstated, allowance for doubtful accounts understated QUESTION 10 How is net sales on the income statement determined? a. Net revenue, plus bad debts expense Ob.Net revenue less allowance for doubtful accounts O Gross revenue, less sales returns and allowances, less credit card fees Od. Gross revenue, less bad debts expense