U Question 15 1 pts A coffee shop received its telephone bill for May at the end of May. What adjustment is needed to recognize the bill? No adjustment is necessary because the bill has not been paid. Debit Telephone Expense, credit Cash Debit Telephone Payable, credit Cash Debit Telephone Expense, credit Telephone Payable Debit Telephone Payable credit Telephone Expense Question 16 1 pts On December 31 of the current year, a company's adjusted trial balance included the following: Accounts Receivable, debit balance of $157.250; Allowance for Doubtful Accounts, credit balance of $1,843. What amount should be debited to Bad Debts Expense assuming 6% of outstanding accounts receivable at the end of the current year is estimated to be uncollectible? $9.435 @ $4.755 $3.992 $7,592 $1.843