on 10 Quiz navig Required: When a journal entry is made to write off an uncollectible amount, which accounts are affected? 1 2 out of 10 Select one Finish atten Time left OE a Bad debt expense and Allowance for Doubtful Accounts. b. Accounts receivable and Allowance for Doubtful Accounts c. Bad debt expense and Accounts Receivable d Accounts receivable and Depreciation Expense. on 11 Winter Co. shows the following on December 31 of each year: + out of 2020 2019 Sales Revenue (50% of sales are on account) $360,000 $750,000 Accounts Receivable $160,000 $150,000 on Required: Calculate the accounts receivable turnover ratio for Winter Co. for 2020: The formula is: credit sales average accounts receivable Select one a 2.68 1.2.77 2.67 Od 5.65 Lake Co. reported the following amounts in their most recent financial statements: Accounts payable $ 1.500 Accounts receivable $ 2.500 $12.000 $ 3.000 $ 4,000 Bank loan payable (due in five years) Cash Inventory Notes payable (due within one year) Prepaid insurance Tax payable Insurance expense Wage payable $ 2.900 $ 500 $ 2,000 $ 1,200 $800 Required: Calculate the current ratio for Lake Company: The formula is: current assets_ current liabilities Select one: a 0.58 b.0.65 c. 1.38 d. 1.92