Question: can you please solve the problems and show how? Use the following information to answer questions 9 and 10: During 2018, Vandelay Industries Importing/Exporting, sold

can you please solve the problems and show how?

can you please solve the problems and show how? Use the

Use the following information to answer questions 9 and 10: During 2018, Vandelay Industries Importing/Exporting, sold fine latex goods and recorded t sales of $676,500. Based on prior experience, it estimates a 4.2 percent bad debt rate on credit sales. The Accounts Receivable balance as of December 31, 2018 is $106,300. Prior to adjustment, the allowance for Doubtful Accounts had a balance of $780 (DEBIT balance) 9. The adjusting entry to record bad debt expens fot 2018 would be for the amount of: A. $28,413\ B. $32,878 C) $29,193 D. $27,633 E. None of the above 10. The net accounts receivable that would be reported on the December 31, 2018 balance sheet is: A. $76,3217 B. $77,107 C. $78,667 D. $105,520 8

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