Tele Unity Connect Saved Help Save & Exit Submit A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $18,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $450. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 18,000 Bad Debts Expense Allowance for Doubtful Mccounts 10,000 17,550 Bad Debt Expense Allowance for Doubtful counts 17,550 18,450 Dad Debte Expanse Allowance for Doubtful Accounts 18,650 Accounts Receivable Bad Debts Expense Sales 18,000 450 18.450 18,450 Mccounts Receivable All AGR for bab.nl Accounts 1.450 MacBook Help Save & EN Subm Phoenix Agency leases office space for $7,100 per month. On January 3, Phoenix Incurs $88,200 to Improve the leased office space. These Improvements are expected to yield benefits for 9 years. Phoenix has 7 years remaining on its lease. Compute the amount of expense that should be recorded the first year related to the improvements. Multiple Choice $16.900 $12,600 o $7100 $9.800 $19,700 Help Save S A company purchased equipment valued at $259,000. It traded in old equipment for a $143,000 trade-in allowance and the company pald $116,000 cash with the trade-In. The old equipment cost $230,000 and had accumulated depreciation of $92,000. This transaction has commercial substance. What is the recorded value of the new equipment? Multiple Choice $138,000 $143,000 $116,000 O $254,000 $259,000 Help Save & Exit 00 Mohr Company purchases a machine at the beginning of the year at a cost of $26,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $5,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice $4,200 $8,400 $12,600 $17,600 $21.000