Question
86 (3 points) Which of the following transactions does NOT affect bad debt expense? Select all that apply. (3 marks) a) receiving a cheque from
86 (3 points) Which of the following transactions does NOT affect bad debt expense? Select all that apply. (3 marks) a) receiving a cheque from a customer whose account receivable was previously written off b) a sales return, where the original sale was on account c) using the aging method to estimate the required Allowance for Doubtful Accounts d) giving a cash refund to a customer who returned an item that he had already paid for e) writing off an account receivable Question 75 (2 points) Harbour Inc. borrowed $24000 from its bank on March 1, at 5% interest, for 6 months. How much interest will the company pay over the entire term of this loan? A/ Question 78 (2 points) Which of the following transactions does NOT change the net realizable value of accounts receivable? Select all that apply. a) a sales return, where the original sale was on account b) writing off an account receivable c) recording bad debt expense d) cash sales e) receiving a cheque from a customer whose account receivable was previously written off
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