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2 part The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year Accounts Receivable Allowance for
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The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year Accounts Receivable Allowance for Uncollectible Accounts (Credit) Uncollectible - Account Expense $1,105,000 $35,000 $64,000 What is the net realizable value of the accounts receivable? O A. $1,105,000 OB. $1,140,000 OC. $1.169,000 OD. $1.070,000 Deere Company holds a $8,400 note receivable dated July 1, 2019, with 10% interest. What adjusting entry is needed on December 31, 2018 O A. No entry is needed. OB, Debit Interest Receivable for $420 and credit Interest Revenue for $420 OC. Debit interest Receivable for $84 and credit Interest Revenue for 584 OD. Debit Interest Receivable for $840 and credit Interest Revenue for $840Step by Step Solution
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