Question 14 (0.6 points) Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $12,900. Which of the following entries records the proper adjustment for bad debt expense? 1) debit Bad Debt Expense, $11,800; credit Allowance for Doubtful Accounts, $11.800 2) debit Allowance for Doubtful Accounts, $14,000; credit Bad Debt Expense, $14,000 3) debit Allowance for Doubtful Accounts, $11,800; credit Bad Debt Expense, $11,800 U 4) debit Bad Debt Expense, $14,000; credit Allowance for Doubtful Accounts, $14,000 Question 15 (0.6 points) Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $390,000 and credit sales are $1,300,000. An aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment? Bad Debt Expense 19,500 Allowance for Doubtful Accounts 19,500 Bad Debt Expense 22,000 Allowance for Doubtful Accounts 22,000 Bad Debt Expense 65,000 3) Allowance for Doubtful Accounts 65,000 4) Bad Debt Expense 17,000 Allowance for Doubtful Accounts 17.000 Jackson-HW-09.xlsx