tion 24 het ered At the end of the period, John Cena Enterprises (CE) has $1,000,000 in Accounts Receivable. Before any adjustment, Allowance for Doubtful Accounts has a credit balance of $10,000. JCE estimates its uncollectible accounts to be $60,000. s out of What amount of bad debt expense should be recorded for the period? ag tion Answer: 25 On January 1, 2020, RATT Company issued $500,000, 6%, 10-year bonds at face value. Interest is payable semi-annually on January 1 and July 1. Consider the entry that needs to be made if the company redeems its bonds prior to maturity at 103 (assuming interest accrued has already been paid). What amount would be recorded as Loss on Bond Redemption? 1 of