9. Another concept that your book talks about is the Days' Sales in Receivable. What does it mean when a firm's Days' Sales in Receivable is increasing? That: a. The firm's Receivable Department is doing a great job b. The efficiency of a firm's receivable collection is moving in the wrong direction c. The quality of the firm's product has lost its shine d. Winter days have boosted the collective energy of Sales Associates e. None of the above. 10. An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $6,400. If allowance for Doubtful Accounts has $1,300 debit balance, the adjustment to record the bad debt expense for the period will require : a. Debit to Bad Debt Expense for $6,400 b. Debit to Bad Debt Expense for $5,100 C. Debit to Bad Debt Expense for $7,700 d. Credit to Allowance for Doubtful Accounts for $1,300 a. 11. In classifying Fixed Assets there are certain costs which are includible in Plant and Machinery costs. Which of the following is not? Installation Costs b. Fines for not obtaining proper permits from government agencies c. Insurance while in transit d. Freight costs None of the above. e. 8. Given the following transactions of Entrepreneur Ark, what journal entries would you make, as its accountant, to book the following transactions? a. June 23. Received a $52,000, 90-day, 8% note dated June 23 from BEDA Express on account b. Sept. 21. The note is dishonored by BEDA Oct. 21. Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to BEDA Express on September 21 C. 1. 2