Transcribed image text : Remaining Time: 2 hours, 45 minutes, 52 seconds. Question Completion Status: QUESTION 4 The Summer Company ages its accounts receivable and determined the allowance account should have a balance of 58,300.00 Prepare the necessary adjusting entry assuming: 1. The allowance account has a credit balance of S275.00 before adjustments b. The allowance account has a debit balance of $275.00 before adjustments A/R BAD DEBITS: B O Bad Debit Expenses $8,025,00 Allownace for DA: $8,025.00 O Bad Debit Expenses $8,575.00 Allownace for DA: $8,575.00 QUESTION 5 The Bendell Company purchased a piece of machinery for $120,000.00. It has an estimated useful life of five years or 12.000 hou Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al