The following are seven items that would cause ABC Company’s…

The following are seven items that would cause ABC Company’s cash book balance to differ from its bank statement cash balance. Indicated how each item will appear on ABC’s bank reconciliation by matching each item to the best option listed. An option may be used more than once or not at all. Record your answers on the scantron. (5 points)

Delta Inc. reported net credit sales of $860,000 for the cur…

Delta Inc. reported net credit sales of $860,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts account is $500. The company has determined that estimated bad debts under the percentage of credit sales method using 2% of credit sales is appropriate. What amount should the company record as an estimate of Bad Debt Expense?