please select the correct answer

QUESTION 12 Hayley's company uses the aging of accounts receivable method for estimating bad debts and has the following information for the year 2020. Credit sales are $2,500,000. Accounts receivable is $3,500,000 The estimated uncollectible AR percentage is . The allowance for doubtful accounts, prior to the adjusting journal entries has a normal credit balance of $50,000. The amount of estimated bad debt expense for 2020 is $50,000 590,000 $100,000 5140,000 QUESTION 13 A company had the following partial list of account balances at year-end. Sales Returns and Allowances Accounts Receivable Sales Discounts Sales Revenue Allowance for Doubtful Accounts Credit Card Fees $1,400 $38.000 $2,000 $92,000 $2,100 $700 The amount of Net Sales shown on the income statement would be O 590,000 Ob 392.000 O $87.900 Od $88.600 QUESTION 14 David has a skate sharpening business. He purchased equipment on August 1, 2019 for $120,000 with an estimated salvage value of $20,000 and a useful life of 5 years What would the net book value be for David's equipment at December 31, 2019 $71,667 O $80,000 $91,667 5111,667