8. Weiner Company's net credit sales were $500,000 during 2010. On december 21, the accounts receivable ending balance is $80,000. Assume the unadjusted balance of allowance for uncollectible accounts is a debit of $500 and that Weiner estimates that 7% of the accounts receivable will not be collected. The amount of bad debt expense recorded on Decmeber 31 will be: A. $5000 B. $6100 C. $5100 D. $5600 Weiner Company's net credit sales were $500,000 during 2010. On december 21, the accounts receivable ending balance is $80,000. Assume the unadjusted balance of allowance for uncollectible accounts is a credit of $500 and that Weiner estimates that 7% of the accounts receivable will not be collected. The amount of bad debt expense recorded on Decmeber 31 will be: A. $6100 B. $5100 C. $5600 D. $5000 10. When a company collects a previously written off account: A. The balance of Accounts Receivable will increase. toyeerwelche B. The balance of Bad Debt Expense will decrease. al couns at the end C. The balance of Allowance for Uncollectible Accounts will increase D. The balance of Service Revenue will increase. 11. On April 1, 2012, Nelson Inc, accepts a $100,000,8% note. The note receivable and interest are receivable on March 31, 2013. On December 31, 2012, Nelson Inc. will record interest revenue of A. $2000 B. $6000 C. $0 D. $8000 12. In times of rising inventory costs, which inventory method generally results in the highest ending inventory? A. LIFO B. FIFO C. Weighted-Average D. Lower-of-cost-or-market 13. Fan company purchases inventory on account for $2500. The entry to record this purchase using a perpetual inventory system would include a: A. Debit to inventory B. Credit to accounts receivable. C. Debit to Accounts Payable. D. Debit to Purchases 14. Weiss Company's beginning inventory was $10000. During the year, Weichtel purchases inventory costing $100000. Based on a physical count at the end of the year, Weichtel determines that the ending inventory is $8000. How much is cost of goods available for sale? tele A. $110,000 was cool foods B. $100,000 C. $102,000 D. $98,000