Use the following data for Questions 1-4 On December 31, 2020, Cobb Corporation had the following account balance d e protocording Prepare the necessary year-end adjusting entry related to uncollectible accounts for each of the towing independent and S Account c a 200.000 Allowance for down accounts $10.000 O NG S800,000 21 - Anagng of accounts recebe comedies $15.000 fer d ig wand will be not what t he young 2. t b ove it is estimated that of credit for the year will prove to be collectie White balance in swanger doublu accounts for your adusting entry? 3. 1 bove) Assume the same mon procesin e porta n t the Allowance for Doubt Acousada de balance of $3.000. What is bad expenser your acting 4. A n d the Allowance for both Accounts had a balance of $3.300 What is your acting entry? ANSWER FOR Secto $17.000 $185.000 10000 d. 5215,000 22 000 12- 01 above) it is estimated that doubtful counts for your adjusting entry? of credit sales for the year wil prove to be collect What is the balance in slowance for Select one $10,000 c. $12.000 d. 18.000 122.000 the lowance for our 43. refer to abovel Assume the same information presented in ove Accounts rada de balance of $3.000. What is bad expenser your a r g e S tone 5.000 $10.000 $ 2.000 18.000 12 000 be hewameommation presented in a Accounts adat balance of $3.000. What pro you t ector get? Secto 7.000 0.5215.000 222.000