Whats the answers form 21-26

21) The following information is from the records of Mountainview Camera Shop 21) Accounts receivable, December 31, 2018 Net credit sales for 2018 Accounts written off as uncollectible during 2018 1,000 161,000 15,000 45,000 The company uses the direct write-off method for bad debts. What is the amount of bad debts A) $15,000 B) $45,000 C) $65,000 D) $81,000 22) When a company is using the direct write-off method, and an account is written off, the journal 22) entry consists of a A) debit to the Allowance for Bad Debts and a credit to Accounts Receivable B) credit to Accounts Receivable and a debit to Bad Debts Expense C) debit to Accounts Receivable and a credit to Cash D) credit to Accounts Receivable and a debit to Interest Expense 23) Accounts Receivable has a balance of $33,000, and the Allowance for Bad Debts has a credit balance23) of $3300. The allowance method is used. What is the net realizable value of Accounts Receivable before and after a $2300 account receivable is written of? A) S27.400;$27,400 C) $27,400; $32,000 B) $29,700; $29,700 D) $29,700; $27,400 24) The entry to write off an account receivable under the allowance method will 24) A) increase net income C) have no effect on net income B) reduce net income D) increase total assets 25) The following information is from the records of Chicago Photography 25) Receiv Allowance for Bad Debts, December 31, 2019 700 (debit) 91,000 to adjustment Net credit sales for 2019 Accounts written off as uncollectible during 2019 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that 52950 of accounts receivable will be uncollectible, Calculate the amount of net accounts receivable after the adjustment for bad debts A) $19,950 B) $20,350 C) $21,750 D) $21,050 26) The Allowance for Bad Debts account has a credit balance of $4000 before the adjusting entry for 26) bad debts expense. The company's management estimates that 5% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $280,000. What is the amount of Bad Debts Expense reported on the income statement for 20197 A) $10,000 B) $18,000 C) $7000 D) $14,000