Using the percentage-of-receivables method for recording bad debts expense, estimated uncollectible accounts are $27,000. If the balance of the Allowance for Doubtful Accounts is $1,000 debit before adjustment, what is the amount of bad debt expense for that period? Select one: a. $2,000 b. $25,000 $23,000 C. d. $21,000 e. The answer does not exist GG Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700,000 and credit sales are $2,500,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will company make to record the bad debts expense? Select one: a. The answer does not exist . Bad Debt Expense ... Accounts Receivable .32 000 32 000 C. Bad Debt Expense Accounts Receivable 25,000 25,000 d. Bad Debt Expense Allowance for Doubtful Accounts 25,000 25,000 e. Bad Debt Expense Allowance for Doubtful Accounts RE 132.000 32,000 HP Company purchased equipment on January 1 at a list price of $127,000, with credit terms 2/10, n/30. Payment was made within the discount period and Yocum was given a $21,400 cash discount. Yocum paid $6,000 sales tax on the equipment, and paid installation charges of $11,760. Prior to installation, Yocum paid $4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? Select one: a. $125,360 b. $123,600 c. $129,360 d. The answer does not exist e. $131 760