Indy sport and hobby's allowance for doubtful accounts had an unadjusted credit balance of $400. the manager estimates that $900 of the accounts receivable is uncollectible. using the balance sheet approach, the year-end adjusting entry for bad-debts expense includes a question 3 options: credit to the bad-debt expense account for $500. credit to the bad-debts expense account for $1,300. debit to the bad-debts expense account for $900. debit to the bad-debts expense account for $500.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.