The following information is related to December 31, 2016 balances. Accounts receivable $1630000 Allowance for doubtful accounts (credit) (123000) Cash realizable value 1220000 During 2017 sales on account were $366000 and collections on account were $207000. Also, during 2017 the company wrote off $20000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $150000. Bad debt expense for 2017 is: $47000. $27000. $7000. $150000. An aging of a company's accounts receivable indicates that $8800 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $4600 credit balance, the adjustment to record bad debts for the period will require a debit to Bad Debt Expense for $4200. debit to Bad Debt Expense for $8800. credit to Allowance for Doubtful Accounts for $8800. debit to Allowance for Doubtful Accounts for $4200. Using the allowance method, the uncollectible accounts for the year are estimated to be $52500. If the balance for the Allowance for Doubtful Accounts is a $9000 credit before adjustment, what is the balance after adjustment? $61500 $52500 $9000 $43500 On January 1, Ayayai Corp. issued $6200000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $6646995. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Interest Expense is for $744000. $868000. $778601. $797639. On January 1, 2017, Slice Corp. issues $200,000 of 5-year, 7% bonds at face value. Which one of the following is one effect of the entry to record the issuance of the bonds? Credit to Cash for $14,000 Credit to Bonds Payable for $200,000 Credit to Bond Interest Expense of $14,000 Debit to Bonds Payable for $200,000