You are looking for ways to pay for your higher education costs. which of the following options will require you to pay back any money you receive? a.) grants b.) 529 plans c.) federal student loans d.) scholarships

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false