Question: What is the answer for 9, 10 and 16 9. The following information pertains to Lightning, Inc. at the end of December before Adjusting Journal

What is the answer for 9, 10 and 16

9. The following information pertains to Lightning, Inc. at the end of December before Adjusting Journal Entries have been made: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $84,000 21,000 10,000 750 (credit) 30,000 Their aging of receivables and estimated percentages uncollectible are: Total AGE OF . | %Estimated: RECEIVABLES Current 1-30 days past | $1,000 | 2096 Total $340 $200 I S8.500 | 4% due 31-60 days past due 500 | 60% $300 if they use the aging How much bad debt expense would calculate ending balance of the Allowance for Uncollectible Accounts? a. $750 b. $840 c. $9,160 s90 10. The journal entry used to record which of the following would include a debit to Allowance for Uncollectible Accounts? a. Sale of inventory on account. d Estimating the annual allowance for uncollectible accounts. c. Estimating annual sales returns. d. Write-offs of bad debts

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