Question

please help with all these accouting multiple choice problems!

Ev Alv Times New... 12A AAav BIUvab x x Aveva Paragraph Styles Sensitivity 6. An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $2,400 credit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debt Expense for $9.000. B) debit to Allowance for Doubtful Accounts for $6,600. C) debit to Bad Debt Expense for $6,600. D) credit to Allowance for Doubtful Accounts for $9,000. 7. An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3,200 debit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debt Expense for $9,000. B) debit to Bad Debt Expense for $12,200. C) debit to Bad Debt Expense for $5,800. D) credit to Allowance for Doubtful Accounts for $9,000. 8. An aging of a company's accounts receivable indicates that $9,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3,200 credit balance, the adjustment to record bad debts for the period will require a A) debit to Bad Debt Expense for $9,000. B) debit to Allowance for Doubtful Accounts for $5,800. C) debit to Bad Debt Expense for $5,800. D) credit to Allowance for Doubtful Accounts for $9.000. 9. Bad Debt Expense is reported on the income statement as A) part of cost of goods sold. B) an expense subtracted from net sales to determine gross profit. C) an operating expense. D) a contra revenue account. 10. You have just received notice that a customer of yours with an account receivable balance of $100 has gone bankrupt and will not make any future payments. Assuming you use the allowance method, the entry you make is to A) debit Allowance for Doubtful Accounts and credit Bad Debt Expense. B) debit Allowance for Doubtful Accounts and credit Accounts Receivable. C) debit Bad Debt Expense and credit Allowance for Doubtful Accounts D) debit Bad Debt Expense and credit Accounts Receivable. f6 1032 words Focus SE + 10 OSO CWP o Som

Answer 1

6 Allowance of doubtful debts -2400 actual balance to be -9000 -6600 Answer is C Debit to bad debt expense 6600 7 Allowance of doubtful debts 3200 actual balance to be -9000 12200 Answer is B Debit to bad debt expense 12200 8 Allowance of doubtful debts -3200 actual balance to be 9000 -5800 Answer is C Debit to bad debt expense 5800 9 C an operating expense 10 Answer is C