Time left 1:53:09\ Ayesha Cosmetics Inc. (ACl) is the best seller of beauty products in Accra, Ghana. The 2020 beginning balance in ACl's allowance for doubtful accounts was

$324,000

. The company uses the sales approach to estimate bad debt expense; the historical percent uncollectible is

4%

. The Company's total revenue for the year 2020 is

$12,000,000

, of which

$2,685,000

is cash sales. During the year, invoices that were not collected and written off totaled

$164,700

. The ending balance in Accounts receivable account stands at

$6,000,000

.\ What would be the journal entry that

ACl

recorded for bad debt expense during the year?\ What would be the ending balance in the allowance for doubtful accounts after adjusting for this year's credit sales?\ What would be the journal entry that

ACl

recorded to represent their write offs of uncollectible during the year?\

Choose...\

$319,000

\ Debit bad debt expense

$164,700

; Credit account write-off

$164,700

\

$258,000

\

$431,900

\ Credit bad debt expense

$372,600

; Debit allowance for doubtful account

$372,600

\ Debit allowance for doubtful account

$164,700

; Credit accounts receivable

$164,700

\ Debit bad debt expense

$372,600

; Credit allowance for doubtful account

$372,600

\ Choose...\ Next page

Ayesha Cosmetics Inc. (ACI) is the best seller of beauty products in Accra, Ghana. The 2020 beginning balance in ACl 's allowance for doubtful accounts was $324,000. The company uses the sales aproach to estimate bad debt expense; the historical percent uncollectible is 4%. The Company's total revenue for the year 2020 is $12,000,000, of which $2,685,000 is cash sales. During the year, invoices that were not collected and written off totaled $164,700. The ending balance in Accounts receivable account stands at $6,000,000. What would be the journal entry that ACI recorded for bad debt expense during the year? What would be the ending balance in the allowance for doubtful accounts after adjusting for this year's credit sales? What would be the journal entry that ACl recorded to represent their write offs of uncollectible during the