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8. Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year (before adjustment) and an analysis of customers' accounts indicates uncollectible receivables of $12.900. Which of the following entries records the proper adjustment for bad debt expense? a. debit Bad Debt Expense, S14,000 credit Allowance for Doubtful Accounts, $14,000 b. debit Allowance for Doubtful Accounts, $14,000, credit Bad Debt Expense, $14,000 c. debit Allowance for Doubtful Accounts, $11,800, credit Bad Debt Expense, $11,800 d. debit Bad Debt Expense, $11,800: credit Allowance for Doubtful Accounts, $11,800 9. Jefferson uses the percent of sales method of estimating uncollectible expenses. Based on past history, 2% of credit sales are expected to be uncollectible. Sales for the current year are $5,550,000. Which of the following is correct? a. Uncollectible accounts are estimated to be $55,500 b. Uncollectible accounts are estimated to be $111.000 c. Bad debt expense is estimated to be $5,550 d. Bad debt expense is estimated to be $11,100 10. Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include a a. credit to Bad Debt Expense b. credit to Accounts Receivable c. debit to Allowance for Doubtful Accounts d. debit to Accounts Receivable Jefferson uses the percent of sales method of estimating uncollectible expenses. Based on past history. 2% of redit sales are expected to be uncollectible. Sales for the current year are $5.550.000. Which of the following is orrect? Uncollectible accounts are estimated to be $551500 Uncollectible accounts are estimated to be $111.000 Bad debt expense is estimated to be $5.550 d. Bad debt expense is estimated to be $11.100 10. Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously written off would include a a. credit to Bad Debt Expense b. credit to Accounts Receivable c. debit to Allowance for Doubtful Accounts d. debit to Accounts Receivable

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