The CHS Company has provided the following information: - Accounts receivable written-off as uncollectible during the year amounted to $12,300. - The accounts receivable balance at the beginning of the year was $230,000. - The accounts receivable balance at the end of the year was $290,000. - The allowance for doubtful accounts balance at the beginning of the year was $14,800. - The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $13,700. - Credit sales during the year totaled $940,000. How much was CHS Company's bad debt expense? Multiple Choice $14,800. $13,700. $11,200. $12,300. On January 1,2023 , Ryan Company paid the premium on a three-year insurance policy in the amount of $5,400. At that time, the full amount paid was recorded as prepaid insurance. After recording the adjusting entry for the insurance policy on December 31,2023 , what would be the balance in Ryan Company's prepaid insurance account? Multiple Choice $2,600 $3,600 $2,500 $5,400