PULL SCREEN INTERVE Question Shendan Is Us Co. uses the percentage of sales approach each period to estimate collectible accounts. During the current year, Sheridan determined that bad debit expense should be $11330. Asturing an opening debit balance in the allowance for doubtful accounts of $990, what adjustment should be made to the lowance for doubtlul accounts unng the current part Crest for 512320 Credit for $10340 Credit for $11330 O No adjustment required Question Attempts of I used SUURETANSEN De FICATE Question 9 Swifty Co. loaned Pharoah Co. 19100, accepting a 3 month, 4.0% promissory nate in exchange. On the due date. Pharoah Co. indicated that it could not pay at the present Situd make the following entry at the time the note is dishonoured Accounts Receivable Pharoah Co. Interest Expense Notes Receivable-Pharah Ca. Accounts Receivable-Pharoah Co. Notas Receivable-Pharoah Ca. Interest Revenue Notes Recewable-Pharoah Co Accounts Receivable-Pharoah Co. Accounts Receivable-Pharoah Co. Notes Receivable-Pharoah Co. 9100 91 9191 9191 9100 91 9100 9100 5100 9100 Question Attempts Daf 1 used HET Question 11 In 2021 Mash's Trading Co. had credit sales of $1840000 and seles returns related to these sales of $140000. Its comparative balance sheet at December 31, 2021 showed the full 2020 Accounts receivable $900000 5800000 Less: Allowance for doubtful accounts 70000 69000 Carrying amount 5830000 $731000 2921 Nosh's Tradings receivable turnover for 2021 is 2.16 02.18 Question Attempts: 0 of 1 used Question 12 A company purchased office equipment for $13500 and estimated a residual value of $1000 at the end of its 4-year useful life. The constant percentage to be replied agus carry amount each year the double diminishing balance method is used is 75 O 15% 15% Question Attempts of I used CERITARE