Tanning Company analyzes its receivables to estimate uncollectible accounts. The accounts receivable balance is $330,000 and credit sales are $1,000,000. An aging of accounts receivable estimates that $13,200 of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment? a. Bad Debt Expense 11,2001 Allowance for Doubtful Accounts 11,200 Ob. Bad Debt Expense 13,200 Allowance for Doubtful Accounts 13,200 Oc. Bad Debt Expense 45,600 Allowance for Doubtful Accounts 45,600 Od. Bad Debt Expense 15,200 Allowance for Doubtful Accounts 15.200 Abbott Company uses the allowance method of accounting for uncollectible receivables. Abbott estimates that 1% of credit sales will be uncollectible. On January 1, Allowance for Doubtful Accounts had a credit balance of $3,000. During the year, Abbott wrote off accounts receivable totaling $2,300 and made credit sales of $114,000. After the adjusting entry, the December 31 balance in Bad Debt Expense will be Oa. $1.840 Ob. $3,000 Oc. 14.140 d. $1.140 The maturity value of a $201,600, 9%, 40-day note receivable dated July 3 is (Assume a 360-day year.) Oa. $201,600 b. $203,616 Oc. $209,664 Od. $219.744