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6. During the year 2015, the Ramp Equipment Co, made sales to customers totaling $100.000 that were subject to sales taxes of $8,000. Net cash

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6. During the year 2015, the Ramp Equipment Co, made sales to customers totaling $100.000 that were subject to sales taxes of $8,000. Net cash collections totaled $92.000. Discounts of $3,000 were allowed. During the year 2015, uncollectible accounts in the sum of $2,000 were written off the books. The net change in accounts receivable during the year 2015 was A. $10,500 B. $11,000 $11,000 C. $13,000 C. $13,000 D. $13,500 7. The Grable Co. received a $6,000, 8%, 60-day note dated M ed a $6.000, 8%, 60-day note dated May 1, 2015 from a customer. On May 16, 2015, the Grable Co. discounted the note at 6% at The net proceeds from the discounting of the note amounted to A. $5,954.40 B. $6,034.40 C. $6,064.80 D. scounted the note at 6% at the bank. D. $6,080.00

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