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88.) The following information is available for Murphy Company Allowance for doubtful accounts at December...

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88.) The following information is available for Murphy Company Allowance for doubtful accounts at December 31, 2011An ng menot 16,000 800,000 18,000 Credit sales during 2012 Accounts receivable deemed worthless and written off during 2012 As a result of a review and aging of accounts receivable in early January 2013, however, it has bee December 31, 2012. What amount should Murphy record as "bad debt expense" for the year ended December 31, 2012? a. $9,000 b. $11,000 c. $13,000 d. $27,000 n determined that an allowance for doubtful accounts of $11,000 is needed at Use the following information for questions 89 and 90. A trial balance before adjustments included the following: Sales Sales returns and allowance Accounts receivable Allowance for doubtful accounts $850,000 $28,000 86,000 1,520 89) If the estimate of uncollectibles is made by taking 2% of net sales, the amount of the adjustment is a. $13,400. b. $16,440. c. $17,000. d. $19,480. 90.. If the estimate of uncollectibles is made by taking 10% of gross account receivables, the amount of the adjustment is a. $7,080. b. $8,600. c. $8,448. d. $10,120

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