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B Question 14 (3 points) Use the following information for item 13 and 14 for...

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Accounting

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B Question 14 (3 points) Use the following information for item 13 and 14 for the Golden Rams Company. The following balances were taken from the trial balance of Golden Rams at December 31, 2020. Sales Revenue $500,000 (credit) Sales Returns and Allowance 10,000 (debit) Accounts Receivable 80,000 (debit) Allowance for Doubtful Accounts. 1,000 (credit) Under item 13 above, if the Allowance of Doubtful Accounts had a debit balance of $1,000 at December 31, what is the amount of the adjustment under the Allowance Method? 24 B Question 14 (3 points) Use the following information for item 13 and 14 for the Golden Rams Company. The following balances were taken from the trial balance of Golden Rams at December 31, 2020. Sales Revenue $500,000 (credit) Sales Returns and Allowance 10,000 (debit) Accounts Receivable 80,000 (debit) Allowance for Doubtful Accounts. 1,000 (credit) Under item 13 above, if the Allowance of Doubtful Accounts had a debit balance of $1,000 at December 31, what is the amount of the adjustment under the Allowance Method? 24

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