Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $12,000. If the balance of the Allowance for Doubtful Accounts is $2,500 credit before adjustment, what is the amount of bad debt expense for that period?

Select one:

a. $12,000

b. $9,500

c. $2,500

d. $14,500 ______________________________________________________________________________________________________

Mather Company purchased equipment on January 1, 2016 at a total invoice cost of $336,000; additional costs of $6,000 for freight and $30,000 for installation were incurred. The equipment has an estimated salvage value of $12,000 and an estimated useful life of five years. The amount of accumulated depreciation at December 31, 2017 if the straight-line method of depreciation is used is:

Select one:

a. $148,800.

b. $132,000.

c. $129,600.

d. $144,000.