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5. Eric Company has the following information: Total revenues Sales returns and allowances Sales discounts Ending inventory $860,000 $50,000 $30,000 $100,000 What is the amount

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5. Eric Company has the following information: Total revenues Sales returns and allowances Sales discounts Ending inventory $860,000 $50,000 $30,000 $100,000 What is the amount of net revenues for Eric Company? A. $330,000. B. $230,000. C. $680,000. D. $780,000. 6. At the end of 2018, Murray State Lenders had a balance in its Allowance for Uncollectible Accou $4,500 (credit) before any adjustment. The company estimated its future uncollectible accounts to $12,000 using the percentage-of-receivables method. Murray State's adjustment on December 31 to record its estimated uncollectible accounts included a: A. Credit to Allowance for Uncollectible Accounts of $12,000. B. Debit to Bad Debt Expense of $7,500. C. Credit to Allowance for Uncollectible Accounts of $7,500 D. Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500

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