Tines Commerce computes bad debt based on the allowance method. They determine their current

year$$s balance estimation to be a credit of $$45,000.$ The previous period had a credit balance in Allowance for

Doubtful Accounts of $$12,000.$ What should be the reported figure in the adjusting entry for the current

period?

A$.$ $$12,000$

B$.$ $$45,000$

C$.$ $$33,000$

D$.$ $$57,000$

$6.9\mathrm{.}2$ Doer Company reports year$-$end credit sales in the amount of $$390,000$ and accounts receivable of

$$85,500.$ Doer uses the income statement method to report bad debt estimation. The estimation percentage is

$3\mathrm{.}5\%.$ What is the estimated balance uncollectible using the income statement method?

A$.$ $$13,650$

B$.$ $$2,992\mathrm{.}50$

C$.$ $$136,500$

D$.$ $$29,925$

$7.9\mathrm{.}2$ Balloons Plus computes bad debt based on the allowance method. They determine their current

year$$s balance estimation to be a credit of $$84,000.$ The previous period had a credit balance in Allowance for

Doubtful Accounts of $$26,000.$ What should be the reported figure in the adjusting entry for the current

period?

A$.$ $$84,000$

B$.$ $$58,000$

C$.$ $$26,000$

D$.$ $$110,000$

$8.9\mathrm{.}2$ Conner Pride reports year$-$end credit sales in the amount of $$567,000$ and accounts receivable of

$$134,000.$ Conner uses the balance sheet method to report bad debt estimation. The estimation percentage is

$4\mathrm{.}6\%.$ What is the estimated balance uncollectible using the balance sheet method?

A$.$ $$26,082$

B$.$ $$6,164$

C$.$ $$260,820$

D$.$ $$61,640$

$9.9\mathrm{.}2$ Which method delays recognition of bad debt until the specific customer accounts receivable is

identified?

A$.$ income statement method

B$.$ balance sheet method

C$.$ direct write$-$off method

D$.$ allowance method