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OB 12.30 OC 20.06 OD 32.62 Unsure Assume for questions 7 to 9 that the aging of accounts receivable method is used to estimated sex analysis of aged accounts receivable at the end of the fiscal years, 2020 and 2021. (Hint: use Taccounts to know Analysis of Aged Accounts Receivable Not Yet Past Due Due 1-60 Over 60 Current Total days days Accounts receivable, S18,400 $4,700 $1,600 S24,700 9/30/2020 Accounts receivable, 24.300 5.600 2,000 $31.900 9/30/2021 10% 40% 75% Estimated % uncollectible 1:52:39 70120 Based on your analysis of aged accounts receivable, what houdbe balance allowance for doubt accounts at Seplember 10 20207 OA 34.920 OB30,170 OG $11.090 OD 5770 DE None of the other amounts Unawe 8 of 20 The journal entry to record the estimated bad debts expense for 2025 should include OA A debit to bad debts expense for 5770 OB. Acredit to allowance for double accounts for $5.000 OC A dobit to bad debts exponse for $1.250 OD. A dobit to bad debts expense for $6,650 Unsure Stop sharing Po hang your screen 9 of 20 Which of the following statements is incorrect when arguing in favour of using the accounts receivable method instead of the percentage of credit sales method OA. The aging of accounts receivable method generally results in a more accurate valuation of receivable on the statement of financial position OB. The aging of accounts receivable method matches bad debts experts with credit sales in the same pers OC. The aging of accounts receivable method take into account past experience by adjust to preven overstatement of the allowance account OD. The aging of accounts receivable method is more difficult to implement than the percentage of the method Unsure Previous page 2 3 5 Next page

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