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whe of money in bis whiation tranded to the nearest dotarn? B4an? 45000 13z passe. 131000 ? Questien 12 The folowint informution brovided for a conpanr Compon Stock - 38000 Aacionul padin in contul - 95000 Wisn iretme +24000 Oridend, beilins but unewid =5.300 teawry steck =5700 Beeining fotaned Earmints =47,200 Bremin +77,390 Unerred Zrvenve * 1.600 cocs=49000 Prepast Coperios - 14.400 Aesttoeeme-12000. inuaree Copene 6.500 Criadale roandaden Eeaty, lina00 limion A company has provided the following information prior to any year-end bad debt adjustment: - Cash sales, $150,000 - Credit sales, $450,000 - Accounts receivable, $110,000 - Allowance tor doubtul accounts credit balance, $1,200 Freeman prepares an aging of accounts reseivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. How much is bad debt expense? \begin{tabular}{|} \hline$4,240 \\ \hline$5,500 \\ \hline 9,000 \\ $44,300 \\ $6,700 \\ \hline \end{tabular} Question 14 A company has provided the following information prior to any year-end bad debt adjustment - Cash sales, 5150,000 - Credit sales, $450,000 - Accounts receivable, $110,000 - Allowance for doubtful accounts credit balance, $1,200 Fairly estimates bad debt expense assuming that 1.5K of credit sales have historically been uncollectble. How much is bad debt expense? 57,950 $6,750 55.550 57,804 $2.250 A company has provided the following information for Allowance for Doubtful Accounts: Allowance for Doubtiul Accounts Beginning Balance $2,700 Wrote-otf \$2,100 of uncollectible accounts Allowance for Doubtful Accounts Ending palarke =3,200 How much did the company record as Bad Debt Expense? $31900 None if viree are conect. 52000 2500 81,000 Question 16 It an account that was previousy writen- oft as uncollectble is subvequently collected, a single foumal entryis needed to simply Debit Cash and Credit Accounts Receivable for the amount of the pxrment

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