Instructions Choose the best answer for each question 1. Net Accounts Receivable Accounts Receivable plus Allowance for Doubtful Accounts Accounts Receivable less Allowance for Doubtful Accounts Use the following information to answer questions 2 to 3: At December 31, 2017, Atom Company had a credit balance of $20,000 in Allowance for Doubtful Accounts. During 2018, Atom wrote off accounts totaling $15,000. One of those account 2018, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should ($2,000) was later collected. At December 31, 2. The entry to write off the $15,000 uncollectible accounts is Bad Debts Expense b. Accounts Receivable C. Bad Debts Expense Allowance for Doubtful Accounts Allowance for Doubtful Accounts Accounts Receivable 15,000 15,000 15,000 15,000 15,000 15,000 Allowance for Doubtful Accounts Accounts Receivable 3. The entry to record the $2,000 collection of the amount written off in question 3 above. a Accounts Receivable 15,000 Allowance for Doubtful Accounts 15,000 Cash 15,000 Accounts Receivable 15,000 b. Accounts Receivable 2,000 2,000 2,000 2,000 Allowance for Doubtful Account:s 2,000 Cash Accounts Receivable Accounts Receivable Cash 2,000 2,00 2,0 2,0 C. Allowance for Doubtful Accounts Accounts Receivable d. Accounts Receivable 2,000 Bad Debts Expense Cash 2,000 Accounts Receivable formation relates to questions 4-5 omissory note. Entries relate to Stanford Co.'s (Creditor) and eMicro Co.'s (Debtor) books 018 Stanford Co. (Creditor) accepted a 10%, 90 day promissory note from eMicro Co. (Debt ent of their $20,000 outstanding accounts receivable. Stanford Co.'s journal entry is Accounts Receivable Notes Receivable Accounts Receivable Notes Payable 20,000 20,000 20,000 Notes Receivable Accounts Payable F2017ACC12 Fi