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21. Failure causer to prepare an adjusting acorued revenue would entry at the end of the period to record an of assets and an understatement of reveaes of revenues and an overstatements of liabilities. a net income to be overstated d. an understatement revenues 22. A company purchased factory twill have a oyquipment on June 1, 2014, for $96,000. t is eximated that the straight-line method of depreciation, the December 31, 2014,is a. $9,000. salvage value at the end of ins 10-year useful life. Using the amount to be recorded as depreciation e $4.500 $3,250. d. $3,7s0. 23. Weiser, Inc, had the following account ba balances at December 31 Accounts receivable: Allowance for uncollectible accounts (before provision for the year's uncollectible account expense) S 900,000 16,000 1,750,000 Credit sales for the year for the year: r is considering the following methods of estimating uncollectible account expense Based on credit sales at 2% Based on accounts receivable at 5% 0 What amount should Weiser charge to uncollectible accounts expense under each method? ofCredit Sales $51,000 $51,000 $35,000 $35,000 % of Accounts Receivable $45,000 $29,000 $45,000 $29,000 a. b. c. (24) On December 31, Year 4, Denny Co. failed to accrue the December Year 4 sales salaries that were payable on January 6, Year 5. As a result, a. b. c. d. working capital is overstated. retained earnings is understated. liabilities are overstated. assets are understated. Copyright OAccounting Program .uso on s auable