The Allowance for Bad Debts has a credit balance of $8.000 before the adjusting entry for bad debts expense After analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of- receivables method, the company's management estimates that uncollectible accounts will be $15,000 What will be the amount of Bad Debts Expense reported on the income statement? O A. $23,000 OB. $7,000 O C. $15,000 O D. $8,000 Adkins Company is hired on December 15, 2026 to perform services, beginning on December 16, 2026 Under this agreement Adkins will earn $3,900 monthly and receive payment on January 15, 2027. What amount of service revenue should be recorded for the year ending December 31, 20262 A. $1,950 O B. $0 OC. $3,900 O D. There is not enough information to answer this. possible Great Lake Glassware Company issues $1,066,000 of its 11%, 10-year bonds at 98 on February 28, 2024 The bonds pay interest on February 28 and August 31. Assume that Great Lake uses the straight-line method for amortization. The journal entry to record the first interest payment on August 31, 2024 includes a O A. debit to Interest Expense for $57,564 O B. debit to Discount on Bonds Payable for $1,066 OC. debit to Interest Expense for $59,696 A OD. debit to Cash for $58,630