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Two Multiple Choice Questions worth 3 points each, or 6 points total 1. Which of...

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Accounting

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Two Multiple Choice Questions worth 3 points each, or 6 points total 1. Which of the following statements is correct? A. The journal entry to record bad debt expense requires a debit to bad debt and a credit to accounts receivable. B. The journal entry to record bad debt expense requires a debit to bad debt and a credit to allowance for doubtful accounts. C. The journal entry to record the write off of an uncollectible account receiv requires a debit to bad debt expense and a credit to accounts receivable D. The journal entry to record the write off of an uncollectible account recei requires a debit to bad debt expense and a credit to allowance for doub 2. A company had the following partial list of account balances at year-end: Sales Returns and Allowances Accounts Receivable Sales Discounts Sales Revenue Allowance for Doubtful Accounts $1,000 38,000 2,100 95,000 1,200 How much is net sales revenue? A. $91,900. B. $90,700. C. $89,900 D. $88,600

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