Allowance for doubtful accounts has a credit balance of $1,300 at the end of the year (before adjustment). the company prepares an analysis of customers’ accounts to estimate the amount of uncollectible accounts of $41,900. which of the following adjusting entries would be made to record the bad debt expense for the year? a. debit allowance for doubtful accounts, $40,600credit bad debt expense, $40,600b. debit allowance for doubtful accounts $43,200 credit bad debt expense, $43,200c. debit bad debt expense, $43,200 credit allowance for doubtful accounts, $43,200d. debit bad debt expense, $40,600 credit allowance for doubtful accounts, $40,600

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.