The following information comes from the accounts of Frye Company: Beginning balance of Accounts Receivable $30,000, ending was $36,000. Beginning balance in Allowance for Doubtful Accounts $1,800 and ending $2,400 There were $180,000 in sales on account during the accounting period. Write-offs of uncollectible accounts were $2,100. The adjustment for bad debts at the end of the accounting period was:
1. Credit accounts receivable for $2,400 and debit allowance for bad debts for $2,400
2. Credit allowance for bad debts $2,400 and debit bad debt expense $2,400
3. Credit accounts receivable for $2,100 and debit allowance for $2,100
4. Credit allowance for bad debts $2,700 and debit bad debt expense $2,700
5. Credit accounts receivable $2,700 and debit bad debt expense 2,700
QUESTION 39 2.5 points Save For the next set of questions, label each of the transactions according to its impact on cash and stockholders equity. Assume the transactions occur during June of 2017 and that Jano Inc. follows the accrual method of accounting, and the company prepares monthly financial statements. Cash A. ncrease B. Decrease C. INA D. NA E. Decrease NIA Decrease NIA Increase NIA On June sth Jano Inc. sold merchandise with a list price of $6,100 and terms 2/10, n/30. The merchandise cost Jano $3.000 
