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n Use the information to answer the next three multiple-choice questions: Timele 0:15:01 Quit navigation 14 15 16 17 Jakes Electronics uses the Allowance Method in accounting for bad debts expense using the Balance Sheet (A/R Aging) Approach The unadjusted trial balance of Jake's Electronics at December 31, 2021 shows a debit balance in accounts receivable of $125,000 and a credit balance in the allowance for doubtful accounts of $1,000. Jake's accounts receivable balance is broken down into the following aging categories: * Uncollectible 23 24 25 26 31 32 30 Finish Aging Under 30 days 30-60 days Over 60 days Balance $25,000 40,000 60,000 1% 18% 40N What balance should be reported in the allowance for doubtful accounts at year-end after all adjusting journal entries have been made? $125,000 The journal entry that Jake would use to record bad debt expense at December 31, 2021 is. O a Debit Bad debt expense, Credit Accounts receivable O b. Debit Bad debt expense. Credit Allowance for doubtful accounts O Debit Allowance for doubtful accounts, Credit Bad debt expense d. Debit Bad debt expense Credit Sales revenue The amount on the adjusting journal entry needed on December 31, 2021 would be: O a: 527.500 O b. $27,250 OG $26.500 Od $28.500 n Use the information to answer the next three multiple-choice questions: Timele 0:15:01 Quit navigation 14 15 16 17 Jakes Electronics uses the Allowance Method in accounting for bad debts expense using the Balance Sheet (A/R Aging) Approach The unadjusted trial balance of Jake's Electronics at December 31, 2021 shows a debit balance in accounts receivable of $125,000 and a credit balance in the allowance for doubtful accounts of $1,000. Jake's accounts receivable balance is broken down into the following aging categories: * Uncollectible 23 24 25 26 31 32 30 Finish Aging Under 30 days 30-60 days Over 60 days Balance $25,000 40,000 60,000 1% 18% 40N What balance should be reported in the allowance for doubtful accounts at year-end after all adjusting journal entries have been made? $125,000 The journal entry that Jake would use to record bad debt expense at December 31, 2021 is. O a Debit Bad debt expense, Credit Accounts receivable O b. Debit Bad debt expense. Credit Allowance for doubtful accounts O Debit Allowance for doubtful accounts, Credit Bad debt expense d. Debit Bad debt expense Credit Sales revenue The amount on the adjusting journal entry needed on December 31, 2021 would be: O a: 527.500 O b. $27,250 OG $26.500 Od $28.500