3 Hotel wered Canada Ltd uses the allowance method of accounting for bad and doubtfuldebts. When he received notice that Me Toronto, who owed him 15 000, was iniquidation he decided to write of the debit as bad What is the general journal entry to record the write off? Pad Select one: Debit bad debts expense $6000; credit allowance for doubtlul debts $5000 Ob Dobit bad debts expense $5 000; credit accounts receivable $5 000 c Debit allowance for doubtfuldebts $5 000;credit bad debts expense 55 000 d. Debit nilowance for doubtful debts 55000;credit accounts receivable 35 000 Canada Ltd uses a periodic inventory system with the weighted average method of cost assignment. The following data are available Date Units 6 September Beginning inventory Purchases 300 750 Unit costs 20 22 16 Canada Lunes a periodic inventory system with the weighted average method of cost assignment. The following data are available Units Beginning inventory Purchases Purchases Date 8 September 15 26 300 750 Unit costs 20 22 24 500 1550 500 Sales 30 40 Closing inventory 1050 To the nearest whole dollar, what is the value of cost of sales for September? Select one: a $10 400 b. $20 000 c. $11 129 d. Not one of the options er writing off bad debts of $1400 the allowance for doubtful debts account balance was $800 credit. What is the correct general Journal Not one of the options After writing off bad debts of $1 400 the allowance to doubtful debts account balance was $800 credit. What is the correct garwal journal entry to record an adjustment to bring the allowance for doubtful debts to 10% of accounts receivable of $20 0007 Select one a. Debut allowance for doubtful debts $1200: credit accounts receivable 51200 b. Debit bad debts expense $1 200 credit allowance for doubtful debts $1200 c. Not one of the options d. Debit bad debts expense $1 200; credit accounts receivable $1 200 e. Debit allowance for doubtfuldebts $1200; credit bad debts expense S1 200 e inventory costs are rising which method gives the highest profit? lect one: a LIFO. b. FIFO. c. Weighted average d. It is not possible to calculate which method gives the highest profit. dary costarring which month highest Select Weighted average is not possible to calculate which method gives the honest profit Canada Co has the following balances in its general ledger $24 000 Marta Accounts receivable Less: Allowance for doubthul debts (50001 $19 000 F a debt for $2000, previously provided for as doubtful, is written off as bad, what is the estimated net realisable value of accounts receivable after the write off? Select one: a $17 000 @ b. $22000 $19 000 d. $21 000 9 testament pero aspetto a perceber experienced to credits nestle of badet is made by the accountant Accountable arged to establir bad debes 10 Canada Chesapendi vetary system with the weighed average method of cost assignment. The following data are te 100 eginning inwerdery Purchase Purchases Ending inventory Date January 13 March 0 June 31 December Unit costs 2000 4000 5000 1000 P Total costs 12 000 28 000 48 000 The cost of the ending inventory to the newest dollaris: Select one O a $8000 $6000 @ c. $8.333 d. Not one of the options 7300