Insert Format Tools Table Window Help * 15%D Tm Lab 6 fall 2020 - Compatibility Mode-Saved to my Mac ign Layout References Mailings Review View Table Design Layout Tell me 12 Aa AS ABCD Alloc AaBb Aalbode Normal noong ing! Head Styles Pane Use the following information about Yuk Corporation to answer the next four questions The Accounts Receivable balance for Yak Corporation is $82,000 at October 31, 2020. Before calculating and recording October 2020 bad debt expense, the Allowance for Doubtful Accounts has a debit balance of $3,000. Sales for the month are $950,000. An aging of accounts receivable results in a $17,200 estimate for the Allowance for Doubtful Accounts as of October 31, 2020. In the past several years, 2% of sales have proven uncollectible. 1. If Yak uses the percent of sales method, Bad Debt Expense on the October 2020 Income Statement will be a $16,000 b. $17,200 c. $19,000 d. $20,200 2. Yak wes the percent of sales method, the Allowance for Doubtful Accounts reflected on the October 31, 2020 Balance Sheet will be a $16,000 b. $17,200, CS19.000 d $20,200 1 3. Yak uses the analysis of receivables method. Bad Debt Expertise on the October 2020 Income Statement will be S16,000 O Focus English United States 2 & 7 8 9 2 w . E 0 P R. Y