6. Using the information provided for United Corp, and answer the questions that follow. United Corp. sells merchandise only on credit. For the year ended December 31, 2010, the following data is available: Questions 6-9 are based on the accounts receivable method. Sales revenue $2,400,000 Sales returns & allowances 60.000 Accounts receivable, 1/1/19 270,000 Allowance for doubtful accounts Credit bal, 12/31/19 (Before adjustment bad debts) Collections during 2019 2,426,300 Accounts written off as uncollectible during 2019 23,700 1.900 Assume that United estimates bad debts at 10% of accounts receivable what amount will United record as bad debts expense for 20197 $27,000 $30,000 $16,000 $14,100 7. The entry to record the bad debt adjustment is? Bad debt Expense 14,100 Allowance for Doubtful Account 14,100 B Allowance for Doubtful Account 16,000 X Bad debt Expense 16,000 Bad debt Expense 20,000 Allowance for Doubtful Account 20,000 Bad debt Expense 16,000 Allowance for Doubtful Account 16,000 Allowance for Doubtful Account 23,400 X Bad debt Expense 23,400 8. What is the balance in the Allowance for Doubtful Account after the bad debt adjustment is made? A $20,000 8 $14,100 C$16,000 D$17,900 @ None of the above