The sooner the better, please help

Debit Unadjusted Balances as of Dec 31: Accounts Receivable 400,000 Allowance For Doubtful Accounts 2,000 Sales 800,000 Sales Returns & Allowances 8,000 If bad debts is estimated using the Income Statement approach (3% of net sales) the journal entry to record bad debt expense requires a debit to bad debt expense of? O $ 21,760 O $ 22,000 O $23,760 O $ 24,000 Credit Which of the following income statement items require an allocation of Income tax? SELECT ALL CORRECT ANSWERS! Operating Income Income from continuing operations Discontinued Operations Decrease in income from the correction of an error from a prior period. Operating Income ONet Sales Which of the following statements about Materiality in Accounting is correct? O It explains when to recognize expenses O It is used to choose among alternative accounting methods such as Fifo vs. Lifo. O It requires reporting of all information that may affect the decisions of financial statement users. O It is the basis of measurement for long-term assets. Considers the value of using information relative to its cost. A fee for recording a new customer in the seller's information system should be treated as a separate performance obligation and should be recognized upon payment. True False