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8. The entry to record a write-off of an uncollectible account when using the direct write off method involves a. debit to Allowance for Bad

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8. The entry to record a write-off of an uncollectible account when using the direct write off method involves a. debit to Allowance for Bad Debts c. credit to Cash 9. A copy machine costs $45,000 when new and has accumulated depreciation of $44,000. Suppose your company sold the machine for $1,000. What is the result of the disposal transaction? a. No gain no loss c. Gain of $1,000 10. Your company sells $180,000 (selling price) of goods and collects sales of tax of 8%, what current liability does the sales create? a. Sales revenue of $194,400 c. Sales tax payable of $14,400. IL (20') The December cash record ofABB Insurance follow: b. debit to Accounts Receivable d. debits to Bad Debts Expense b. Loss of $1,000 d. Loss of $45,000 b. Unearned Revenue of $194,400 d. Sales revenue of $180,000 Date Cash Debit Check No. Cash Credit Dee 3 7 16 23 31 S 4,150 540 560 2,190 1,870 2416 2417 2418 2419 2420 2421 2422 S 850 160 670 1,690 1,450 1,200 640 ABB Insurance's cash account shows a balance of $16,650 at December 31. On December 31, the company received the following bank statement

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