ANSWER BOTH

Question 11 (1 point) Suri Co reviewed its accounts receivable at Dec. 31, 2021. The balance in the receivables account was $1,386,000. Suri categorized the receivables by age as follows: Days Outstanding Amount 0 - 60 61 - 120 Over 120 $504,000 $378,000 $504,000 $1,386,000 Est. % Uncollectible 1% 2% 6% The balance in the allowance for doubtful accounts at Dec. 31 2020 was $92,400. During 2021, the company wrote off receivables of $75,600. How much should Suri report at Dec. 31, 2021 for its allowance for doubtful accounts? O a) $42,480 b) $26,040 c) $1,386,000 d) $16,800 e) None of these answers is correct. Question 12 (1 point) At December 31, 2019, DEF Co.'s allowance for doubtful accounts balance was $104,720. During 2020, DEF wrote off $85,680 in receivables. DEF conducted an aging analysis of its receivables and determined that the amount of uncollectible receivables at Dec. 31, 2020 is $48,552. Determine how much bad debt expense DEF will report for the year ended December 31, 2020. a) $48,552 b) $29,512 c) $85,680 d) $56,168 e) None of these answers is correct