D) Can't be determined from the piven information 115) In the balance sheet at the end of its first year of operation Dwtylinc reported as allowance for uncollectible accounts of 582.000. During the year, Dunty wrot $32,000 of costs receivable tempted to collect and failed. Credit for the year were $2,200,000, and cash collections from credit customers totaled $1.950 000. What accounts receivable balance would Dusty report in its first year-end balance sheet? A) $196,000 B) $218.000 C) $230,000 D) None of these answer choices are correct 136) In the balance sheet at the end of its first year of operations Duty ne reported an allowance for collectible accounts of $82,000 During the year, Dinty wrote of $32.000 of accounts receivable it had attempted to collect and failed Credit sales for the year were $2,200,000, and cash collections from credit customers totaled $1 950.000In Duty's adjusting entry for bad debts atya end, which of these would be included? A) Debit to bad debt expense for $114.000. By Credit to allowance for collectible accounts for $82,000 C) Debit to accounts receivable for $32.000 D) All of these answer choices are correct 137) For 2018. Rahal' Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for collectible accounts of 586,500 and $2.100, respectively, at December 31, 2017 During 2015 Rahal's credit sales and collections were $404.000 and $108,000, respectively, and $2.340 in accounts receivable were written off Rahas accounts receivable at December 31, 2018, ade A) $90,500 B) $88.160 C) $82.500 D) $80,100 138) For 2018. Rahal's Auto Parts estimates bad debt expense at of credit sales. The company reported accounts receivable and SERWm line 140) As of January 1, 2018, Fatley Co had a credit balance of $520,000 in sallowance for uncollectible accounts. Based on experience, 2% of Farley's credit sales have been uncollectible. During 2018. Farley wrote of $650,000 of accounts receivable Credit sales for 2018 were $18,000,000 In its December 31, 2018, balance sheet, what amount should Farley report as allowance for uncollectible accounts? A) $230,000 B) $360,000 C) $590,000 D) $880,000 141) As of January 1, 2013, Barley Co had a credit balance of $520,000 in its allowance for uncollectable accounts Based on experience, 2% of Farley's gross accounts receivable have been uncollectible. During 2018, Farley wrote off $650,000 of accounts receivable Barley's gross accounts receivable as December 31, 2018 is $18,000,000. In its December 31, 2018, balance sheet, what amount should Farley report as allowance for uncollectible accounts? A) $230,000 B) $360,000 C) $490,000 D) $880,000 142) As of January 1, 2018. Barley Co had a credit balance of 5520,000 in its allowance for uncollectible accounts. Based on experience, 2% of Farley's gross accounts receivable have been uncollectible. During 2018, Farley wrote off $650,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2018 is $18,000,000 How much bad debts expense should Barley record for 2018? A) $230,000 B) $360,000 C) $490,000 D) $880,000 143) San Mateo Company had the following account balances at December 31, 2018 before recording bad debt expense for the year Accounts receivable $ 1.400 000 Allowance for uncollectible accounts (credit balance) 22.000 Credit sales for 2018 1 950 000 San Mateo is considering the following approaches for estimating bad debts for 2018 Based on 3% of credit sales D) $80 160 138) For 2018, Rahal's Auto Parts estimates bad debt expense 1% of credit sales. The company reported accounts recevable and an allowance for a collectible accounts of 586,500 and $2.100, respectively, December 31, 2017 During 2018. Rahal's credit sales and collections were $401,000 and $108,000, respectively, and $2,340 in accounts receivable were written ofl. Rahul's 2018 bad debt expense is A) $2,100 B) $2,340 C) $4,080. D) None of these answer choices are correct 139) The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2018- Estimated % Days Outstanding Amount Uncollectible 0-30 $ 420,000 2% 31-60 S% 61-120 100 000 Over 120 120,000 20% 140,000 10% During 2018. Jacobsce wrote off $18,000 mn receivables and tecovered $6,000 that had been written off prior years Jacobsen's December 31, 2017 allowance for uncollectible accounts was $40,000 Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2018? A) $55,400 B) $28.000 C) $49,400 D) $31.400 140) As of January 1, 2018 Farley Co had a credit balance of 5520.000 in its allowance for uncollectible accounts Based on experience, 2% of Farley's credit sales have been collectible. During 2018, Farley wrote off $650,000 of accounts teceivable. Credit sales for 2018 were $18,000,000. In its December 31, 2018 balance sheet what amount should Farley report as allowance for uncollectible accounts? A15230.000 $49.400 D) $31.400 140) As of January 1, 2018, Farley Co had a credit almce of $520,000 in its allowance for uncollectible account Based on experience, 2% of Farley's credit sales have been uncollectible. During 2018 Farley wrote off $650,000 of accounts receivable Credil sales for 2018 were $18,000,000 in its December 31, 2018, balance sheet what amount should Furley reports allowance for uncollectible accounts? A) $230,000 B) $360,000 C) 5590,000 D) $880,000 141) As of January 1, 2018, Barley Co bad a credit balance of $520.000 in its allowance for collectible account Based on experience, 2% of Farley's gross accounts receivable have been uncollectible Durmg 2018 Fatley wrote off $650,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2018 is $18.000.000 In its December 31, 2018, balance sheet, what amount should Farley report as allowance for collectible accounts? A) $230,000 B) $360,000 C) $490.000 D) $880,000 142) As of January 1, 2018, Barley Co had a credit balance of $520.000 in its allowance for uncollectible accounts. Based on experience, 2% of Farley's gross accounts receivable have been uncollectible Durmg 2018, Farley wrote of $650,000 of accounts receivable Barley's gross accounts receivable as December 31, 2018 is $18,000,000. How much bad debts expense should Batley record for 2018? A) $230,000 B) $360,000 C) $490,000 D) $880,000 143) San Mateo Company had the following account balances at December 31, 2018, before recording bad debt expense for the year Accounts receivable $ 1,400,000 Allowance for uncollectible accounts (credit balance) 22,000 Credit sales for 2018 1.950.000 San Mateo is considering the following approaches for estimating bad debts for 2018 Based on 3% of credit sales D) 5880,000 143) San Mateo Company had the following balances at December 31, 2018, before recording bad debt expense for the year Accounts receivable $ 1.400.000 Allowance for uncollectible accounts (credit balance) 22,000 Credit sales for 2018 1,950,000 San Mateo is considering the following approaches for estimating bad debts for 2018 Based on 19 of credit sales Based on 6% of year end accounts receivable What amount should San Mateo charge to bad debt expense at the end of 2018 under each method? Percentage of credit sales Percentage of accounts receivable a $36,500 $ 62,000 $ 58,500 $ 62,000 $ 58,500 $ 84,000 $ 117.000 $95.000 ART A) Option A B) Option C) Option D) Option D 146) As of December 31, 2017. Gall Co. reported accounts receivable of $216,000 and an allowance for collectible account of $8.400 During 2018, accounts receivable inctcased by $22,000 (that change includes $7.800 of had debts that were written a An analysis of Gull Cos December 31, 2018. accounts receivable suggests that the allowance for uncollectible accounts should be of accounts receivable. Bad debt expense for 2018 would be A) $6,540 B) 57,00 C) 57,140 D) None of these answer choices are correct 145) As of December 31, 2018, Amy Ja's Appliances had unadjusted account balances in accounts receivable or 11000 and 1970 in