Remaining Time: 2 hours, 45 minutes, 52 seconds. Question Completion Status: QUESTION 4 The Summer Company ages its accounts receivable and determined the allowance account should have a balance of $8,300.00. Prepare the necessary adjusting entry assuming: a. The allowance account has a credit balance of $275.00 before adjustments b. The allowance account has a debit balance of $275.00 before adjustments A/R BAD DEBITS: B O Bad Debit Expenses $8,025.00 Allownace for DA: $8,025.00 O Bad Debit Expenses $8,575.00 Allownace for DA: $8,575.00 QUESTION 5 The Bendell Company purchased a piece of machinery for $120,000.00. It has an estimated useful life of five years or 12,000 hor Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All